I can't help but be a little more comfortable with this house as I know it intimately.

In 2013 I received an offer in the mail to refinance my loan to a streamline FHA loan to 3.5% interest rate, the mortgage company didn’t lock me in time and I wound up with a 4% FHA streamline loan.

We wouldn't have changed anything except for needing to get out in time for the cap gains exemption. btw- I watched an interview you did on youtube.

Yes, I know, at this point in time, this is a mansion.

My attitude is that it will all work itself out in time and any loss I had was just paper, I'll get it back.

I buy fixers and fix and hold.This should be an easy market to find something to buy, and not such an easy market to sell.So if you are going to fix and flip, you must have enough room to price the final product below market, and even then, you have to find buyers who have money or can get a mortgage-- not nearly as easy as it was in times past.As for wholesalers, sure I'd buy if they ever brought me just what I wanted at a price I liked.

We just need to figure a way to view it so we could make an offer to an owner who at this point in time is not accepting the fact that they may lose it...can the lender perhaps help us in any way?

I decided that I would prefer to get my feet wet privately funding the right individuals projects and in time work towards doing my own projects.

.- To accomplish the first half of this equation (top of the range in terms of condition), you need to be intimately familiar with competing homes on the market, and you need to do a rehab at least to that level, and preferably a notch or two higher (as Harrison pointed out).- To accomplish the second half of the equation (bottom of the range in terms of price), you need to be buying very, very inexpensively.

I may be able to bring $10k to the deal, but that is not for sure yet as it depends on a separate deal closing in time.