If the lender or underwriter isn't familiar with the FHA rules surrounding a flip, the process can take a lot longer than necessary.

Surround yourself with people whose values you want to emulate.

I rehab single family homes in Chicago and the surrounding suburbs.

If it's just an "old building" without any architectural significance, history etc then yeah I'm all for replacing it with something more beneficial as long as it's congruent with the character of the surrounding area.

Or an old property was torn down and there was room to surround the new one with a parking lot.

You'll find mentors and partners to work with by networking with people; great places like BP, REIA, and Meetup groups are "watering holes" for REI folks.Seems like the Richmond, and surrounding areas, have many opportunities for Rehab and Hold.

So we're looking at Colorado Springs and surrounding areas first.

Haha So anyway, you and Denise have made me wonder if I can move another home in there--as I said this street has only 3 mobile homes and the surrounding neighborhoods are all app. 10yo or less apartments and stick built homes and town homes!

Theres so much negativity surrounding it, and so few stories of success that I thought I'd ask.

Of course they're disgusted when they remove the blindfolds and see that they're surrounded by (I won't say it;-)