STL rocks man!

I had three contractors say they could do the rehab on it for 8500.00 which was great. the house only needed new carpet in the bedrooms and I was going to put laminate down in the living room and dining room. paint the interior of the house, new kitchen window, new vinyl kitchen floor put down, replace 3 4 foot pipes that they stole which was a blessing because they could have taken a lot more but they didn't. also mud spackle and replace the sheet rock in one of the bed rooms. all three contractors said they could do it for he same price and I found a house that didn't need much work.

Just make sure you hire an experience coordinator that makes sure you follow all the red tape!

My first thought was to get a loan on the property to extract the equity and the income from one of the two units would more than cover cost of Mortgage, taxes, insurance etc.The problems I'm running into is, A: The property is worth substantially more than I paid for it 9 months ago as I bought it as an uninhabitable bank owned foreclosure, which seems to throw up TONS of red flags with Mortgage Brokers / underwriters I'm told.B: I current have it listed for sale, even if I pull it from listing, the mortgage brokers want to again red flag itC: As my experience is Fix and Flip I don't have experience as a property Manager per se and the lenders I have spoken to all want you to have 2 years history. 

This sent up a red flag so we went to Wells Fargo and used a deposit only card to 1) check the balances in all our accounts and then 2) make a withdrawal from the bank account. 

I've heard: B-ham, Little Rock, Memphis, Hotlanta...

And how nice that when they couldn't find the right rock, they just painted some!

@David RobertsI TOTALLY agree with you on that.I have ALWAYS said that you are only given so much time on this floating rock and you don't know how much, so that is the most valuable thing we have. 

Dallas ( I don't know this area) is red hot and has been to sell to cash flow investors. 

Rock on Conway!