You typically need to have skin in the game, but at the same time you certainly don't want to drain all of your personal reserves if you don't have to (i.e. if you used up all of your reserves on a traditional downpayment w/a bank - not only would it be gone, but then what's next?

Often your investment play in those areas will be for appreciation.

I have met with 1 guy I know in the game and have meetings scheduled for next week with 2 others.

I'm REALLY looking forward to getting into the game!

What role does the tax assessment play in this value?

I am a new investor, looking to get my start in the game. i want to start with wholesaling, and eventually work my way into rehabbing.

Play around with all the settings and see real time how many addresses your parameters give you.

Your options are many and you should play with all of them so you can become educated.

You state the value of comps in similar condition which is good for buying but not for selling a revamped house.Assuming you have $41K to play with (the difference between purchase and avg of comps) you will find that can be burnt through very quickly.

I know of many people that have done this in connection with rehabbing properties and so long as you play by the rules of the lenders, you will be able to excellerate the growth of your portfolio.You come out better in the long run if you dont refinance and just keep the original FHA loan in place at the low rates and just live there the prescribed 1 year then go get a new 1-4 with a new FHA loan as a primary.