That would be called the BRRRR strategy - there is endless info on that strategy here and on the podcasts and in the BP bookstore.

BUT...if you're American and can still get loans in the US (the silver lining of having to still file US income taxes while living abroad), then why not use leverage?   

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

Hi @Jason ThonIf you are looking to connect with folks on MTR in Duluth, I'd be happy to connect!

In some cases, I've had a buyer lined up by the time I close.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

Hi Brian, everyone on this thread has great input!

Quote from @Adebola Adetunji: Hi folks,I was on a routine walk  and noticed a dumbster placed in front of a house.

You can also use online resources such as City Data to search demographics in the area. 

There are mortgage recast calculators online or you can reach out to your lender.P+I payment will go from 2155 to ~1800 given the numbers you provided.