Would love to get some schooling from you more experienced Pro's out there on the best completely legal and ethical way to structure this.

So here's my scenario and question...The seller made an insurance claim to have his roof replaced after a recent bad hail storm.

The seller was renting it out previously and the renters completely destroyed the home.

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

Here's a simple example:Price: $50kRenovation: $30kHolding costs: $5kRenovation complete!

I am completely new to Real Estate but have wanted to begin this journey for a long time.

There is complete flexibility as long as they own the property outright.

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

if I go by your numbers 54k purchase price amd 24k for rehab  that's 78k you're going to rent 2 units for 750 so that's $1500 a month.you should calculate the expenses taxes ,insurance,maintenance etc and see if the cash flow will make sense.. you can use the 2% rule which in this case looks like you're right on the money. . so if 54k and 24k are right numbers and this is not a complete war zone were you would get your $1500 every month with no problems than this should be a good deal..check again for the rehab costs with a local contractos ask to have written estimates. also see if you need to pull permits.. these takes time and money. .good luck!!

I own 2 commercial properties that i did complete inside demolition to and rebuilt everything from top to bottom excluding the 4 exterior brick walls.