If that concept intrigues you, there's also FHA's "203k" loan product.

Don't care what city you live in these 3 questions will keep you out of trouble.Good luck!

Take care,LanaBtw—We moved forward with the flip and so far it is going well and I am learning a lot! 

I am also taking online classes paying thousands of dollars every semester on a degree i can care less about which is really not gonna change my salary it will probably drop it if i decide to use it.

but be careful, there are so many feel that they can add on. so if you are not asking to the right questions you will get taken advantage of.

I would propose this deal; If that guy finds mold then I will take care of it, if that guy doesn't find mold, then the buyer takes the place as is and we both accept that the first guy was BS. 

I think that's 15%, but this may have changed in the new tax law.If you've not been claiming the rental income on taxes and  carefully tracking the assets associated with this property you will need to do some work to sort this out. 

Who cares if the market is hot?

If all you care about is cash flow then 1 is the way to go.

For lead time to closing could be 6 months to 1 year sometimes as buyers do careful planning when investing millions of dollars down on a purchase.The upside is when you do close some you can have years worth of income while working on the next deal.Example if I make 100k commission on 10 deals that is 1 million pre-tax.