Also, plenty of seasoned and successful commercial investors did just that, bought a 6-12 unit, sold then bought a 18-30 unit, sold and bought a 50-80 unit, etc. all of which fall into your 'no man's land' etc.

Keep reading and never fall in love with the first property..there will always be another deal!

Also falling into the 203K financing qualification we were planning on starting with. 

@Susanne RiethIt may be done under a ROBS 401k if it falls under the real estate operating company category.Below are the real estate operating company requirements.Real Estate Operating Company 1) The corporation that you invest your retirement funds in may invest in real estate that satisfies the following requirements: a.

.- The bathroom shower has some tiles on the ceiling that are falling, obviously a leak for the bathroom on the second floor.

For example My latest property i purchased that falls into this category was purchased for 9K and then I rehabbed it for about 25K, and it now rents for $1100 a month.

If it's not you will eventually be forced to sell or at best live there and pick up the short fall in expenses.

I live in Cedar Falls, so I wasn't able to come out.Good luck on the flipping. 

I think the reason is that your repairs tend to come from multiple categories: very cosmetic(carpet) to fairly substantial (new kitchen cabinets and appliances) to major systems (HVAC, roof, electrical) but rarely falls squarely into just one of those three categories.

If the tax deed does not sell at the tax deed auction, the property falls to you for being the one to take it through the tax deed application process.