I finally found a contractor but not sure he will work out on this next property. 

@Fred Joaquin That is true, if you and your selected contractor will guide a newbie, that would potentially be a workout.

I'll be doing some work out that way some and am interested in talking to you. 

Did this work out for you?

I haven't posted much here on BP, but I have a deal I'm trying to work out.

Having access to the mls is big and I have also been able to convert deals that didnt work out for me as an investor into a listing and still make money.

So what your saying is your goal is to get this under contract with no financing in place, then run around like a chicken with your head cut off trying to find the money or financing, then when it does not work out you have to back out, then screwing the seller and wasting his time. 

Cash flow would likely work out better there from the beginning (at the sake of appreciation most likely).

UNLESS  you are sourcing the deal yourself for wholesale and then doing your own fix up work out of pocket at cost etc.. you can capture some equity that way.. forced equity but you earn it.. you just don't have it fall into your lap...

I have a list of about 20 foreclosures going to auction in Aug so I am trying to see what I can work out.