You can play accounting games and trick yourself into believing that you're making extra money by doing the work yourself, but in reality this is no different than hiring out the work to a contractor at $15/hour and then going to work a retail job for $15/hour.

Most of those you speak with wont be that motivated and are actually better candidates for a retail sale.Ryan

I anticipate $7k to get it retail ready and about a months rehab. plus all the holding/closing/selling costs so i'm near breakeven now.I plan to keep it a couple years and get out.

Hi Ru,You Could consider a good Commercial Retail Property where you can use your savings as the downpayment and take bank loan for the rest.

Hello,I recently did a cash deal off retail MLS, I want to see what you think about it?

For flipping, you want a market where retail sales are occurring quickly so you are able sell your end product.

Given your wife has some experience in finding hospital based real estate that may help a bit, though depends on the type of CRE - retail, office, etc.

Buying at the auction isn't that scary once you know what to look out for, except the auction buyers now seem to be bidding retail though.

It is retail cost, but you can remove cost like minimum labor, and adjust materials if you get them at a discount, and build your own price list.

I am wholesaling because I don't need the large payday retailing brings, and I hate doing rehabs.