I think as long as people agree to not smoke inside and clean up the cigarettes after themselves then there should be no issue.This is really a personal preference.

There is plenty of opportunity to flip in our town, many of my investor friends are doing it regularly. as for renting while you flip, that question can only be answered by you.

It is important to mention that the condition of duplexes and house are good, very clean.  

The janitor expense seems interesting as well as I am not sure who charges $33 per month to clean a common area...Here is what I would guess the building really looks like:Gross income minus 10% vacancy factor= $148770NOI using the 50% rule= $74,385True cap rate then would be 11.4.

- Insurance company (are you shopping for best rates and coverage)- Unit Turn Vendors (Paint, Cleaning, Flooring, again are you shopping for best rates and quality?)

There are also several REIAs that hold regular meetings.

A house on the same street just sold for $67,000.00.Quick FlipThird option would be to clean up the place and re list it at $30,000.00My question is which do you believe should be the route to follow based on these numbers?

I agree you must also clean.

The regular Practice of Law rules do not differentiate between federal decisions and state decisions.

you know it's getting real big around here in the South those homes made of steal that look like a barn they're not there a regular house inside they even have a place to park the car and some of them