Hey BP - I'm in the process of identifying what types of properties I'd like to focus on for flipping in a given area.  

Once you identify a property that you are interested in purchasing, your agent and you will discuss an offer price as well as any conditions (e.g. contingencies like being able to get financing, a satisfactory inspection of the property, closing by a certain date, anything you want from the seller, like the awesome mirror hanging in the hallway).

I'd be happy to recommend the company I used, or your inspector probably could recommend some as well, but that will run you a few hundred dollars more and would be a separate inspection (likely also requiring access to the house).In addition, if your inspector identifies any particular issues of larger concern to you (roof, mold, etc.) you can do further inspections.

. :)The city has identified 38th and Illinois for future revitalization, but I wouldn't hold my breath on appreciation in that area.

Hello,I bought a house and while doing renovation I started seeing along the bottom  edge of a couple walls appear a muddle of coarse powdery subtance like sands.  I think it's a residue of wood eating bugs.  Just won...

Hello @David Luhman,  Lets identify the problem, Keep or sell inherited propertyPossible solutionsSell the property (capital gains will be limited).Leverage LTV for mult rental properties1031 to another areaDo nothing...Buy REOs for that cash, rehab, rent, cash refi, repeat.

If I was entering a market the size of Houston, I would do enough research to identify several areas of interest.

Properties bought with cash.My goal is to have confidence that the list I want (of properties with 100% equity) includes properties bought with cash.So I understand how they identify properties that meet the first criteria; but what about the second one?

I would like to have as many options available since I only have like 30 days to find the property or identify the 3 properties from which I will have to buy within the 180 days. 

Wow, that's what sucks about renters, especially an ahole like this guy, he identifies as a huge jerk before the contract is signed.