It's great that a community so positive and motivating exists

Also this property has a small retail space, with an existing tenant.

It takes a total of 10 minutes to fill out and fax.Check the website of the gas/electric company to see if that option exists.

Property Info:Purchase price: $100,000Estimated Rehab budget: $25,000ARV: $180,000Profit Before Costs: $55,000Extra Fees on the buy side:Closing Costs on the buy of an estimated 3.5% = $3,500No realtor needed for the buy = 0TOTAL: $3,500Hard Money lending detail: 115k loan @ 12.99% for 4 months w/ origin fee & draw fees3.9% Origin fee on loan of 115,000: $4,500 (rounded up)12.99% Interest Rate for 4 months: $5,000 (rounded up)Draw Fees: $1,250Misc Fees (appraisal/commitment/inspection): $1,000TOTAL: $11,750Holding Costs (insurance, utilities, lawncare, taxes): $250/moTOTAL: $2,000Selling Costs: Closing Costs Estimated at 3.5% of ARV: $6,300Buyers Agent Commission of 3%: $5,400Other Misc Expenses: $1,000TOTAL: $12,700Summary+55,000 Profit before fees-   3,500 Closing Costs on the buy- 11,750 HML Costs-   2,000 Holding Costs- 12,700 Selling Costs--------------------------------+  25,050 Profit after all fees are deductedDid I miss anything here?!

It is still a good precaution to keep those accounts with low balances on the off chance they try to commit fraud.

Give yourself 6 month to a year of intensive study and research before committing to invest.

Around here, our city won't really raise issues with anything that's been existing (I sold a house that literally the entire porch was technically in city property and it's never been an issue) so most buyers and sellers don't care about the survey unless the property lines aren't clear.

A cash-out refinance will reduce your current cash flow on the existing properties.

The biggest issue I see is the existing dry rot and the 60k lien from KYHCA.

I live in a very rural area where properties can be 1-2 hours from the neighbors and in remote locations, particularly up in the mountains where cell phone signals don't exist.