If so did the banks give you grief about every little property detail?

Can someone help walk me through the details of flipping a bank owned wholesale through an llc?

I talked to the realtor of the property about 3 months ago getting some info (Ie would sellers be open to owner finance and they said maybe and details about the prop).

Varies... as little as possible :) Feel free to share more details about the deal.

With no detailed scope bids are going to be everywhere.

Although I prefered not to post the details on a public forum, this is the PM I sent to another member.I had 2 Medical Collection accounts that were $100 each.

.- If you plan to resell within 180, expect that the lender’s underwriter will require you to furnish details of the rehab.

Knowing I need extensive overhead for this process as one man can't manage that many sales and walk throughs, etc there is a lot I would need in place to be ready to move on this.

(assume that I'd be able to get qualified for the loan and that it would be "reasonable" to be able to pay back the 40K in the time specified)after re-reading, i assume the investor would need to be a lienholder from the beginner under any circumstance...but is that even possible, or would I have to buy the house "with" the investor, which i'd rather not do...also, do not dwell upon the legal details of the arrangement, i have people that I could do this with on a verbal contract not to mention a seperate written contract that protected their investment+interest in the event I sold the property for a gain...I'm much more concerned about the actual numbers/percentages and how realistic this proposition is from an investment standpoint, not a legal one..

I feel like I could get $700 in rent but more than that would surprise me.Here's a link to the listing: http://www.realtor.com/realestateandhomes-detail/403-Elm-St_Clarksburg_WV_26301_M48739-27767