Banks have lower rates but longer closing times and often more red tape. 

I don't even think it matters for government loans, honestly, and those are usually the most red tape around.If needed, go to (or call) a local lender (to the area where you are flipping this house, like everyone else, I doubt it's actually SD?)

We acquired two vacation rental this year and hired a property manager.My husband is on long term disability, but he has done substantial work to acquire and set up the rentals. The work is all behind the phone and in...

There is a new government court house( about a 10-12 story tower) that just went up less than .5 miles up the street so I also get a feeling a lot of corporate tenants may be coming into town.Neighborhood is up and coming, there are tons of student housing rentals up the street with similar not rehabbed units renting out at $1300-$1400 a month.

There are pockets all over FWB that flood so always check the FEMA flood maps before you make an offer as flood insurance can be expensive and turn a decent rental in to a bad deal. 203k requires that you hire contractors for the rehab and has a fair amount of red tape but can work well to get into a property that other financing options cant touch. 

Well, unauthorized occupant leafy immediately and then I renewed a lease with original tenant raised rent by $50 and she said verbatim “No more Red Cross for needy people” She learned her lesson.

The blue circle is the house I am looking at and the red circled houses are all remodeled to some extent.

Here's what it looked like at purchase:      When the wood came off I found this red brick with an interior of white brick.

I appreciate taking the time to red this and hope everyone has a great day!

FYI Jason I am a tenured maintenance supervisor at Liberty Tower apartments in Ballston and live in Crystal City.