I bought for 162 2 weeks ago, will be marketing for 250 range in 2-3 weeks.

Then I must deduct all property taxes, water/sewer fees and liability/hazard/fire/flood/hurricane insurance.

In some areas you may have a hard time selling unless it meets CURRENT code, among which every outlet in kitchen and bath, not just the ones close to water must be GFCI.

we are going to be first time investors (in GA) and we are having a really hard time finding a property in our price range... we want to find a bank owned property but i really have no idea where to even look!

Houses in the range of 69k to 169k that need rehabing.

I know you plan on doing wraps, but remember the quality of people you're going to attract with wraps are going to be in the "sub prime" range.

Or if it gets nasty run up the water bill :mrgreen: I don't recommend that.

Being successful at rehabbing requires extensive experience in multiple different areas.I would rather recommend focusing on ways to build up some of your capital and learn to swim in the shallow water before you jump into the ocean.Wholesaling, birddogging, lease options, subject to's, contract for deeds, and owner financing are all ways to start with little or no capital.

All with 55-70% LTV with little or no work needed, range from $500,000 - $3MM.Please call me [number removed - please read forum rules] if you are serious about procuring the properties you mentioned and can close fast and on time.

Rents are around $1,000 with included water. i would occupy the property for at least 2 years.