No repairs are needed at this time New roof, new siding. 

Also, let’s say you make 10000, from one sale this year and put all that money on the next project that are not able to sell it until next year, you will owe taxes on the 10,000 this year. 

Notice I have never tried to correct you on our inherent problem. yup one of my homes that's was the case poorly built.. and in Texas were no licenses were or are required.. this happens.. and guess what those are usually the distressed homes.. this market for fix and flip in my mind is for the local pro's I got my butt kicked and will never go back.. and then when your fooling with these homes.. the tax's pile up on you.. and then of course when your just about done you get hammered by a hail storm and have to go through roof replacement..  

Thanks for your input guys, it’s a big project for it being my first but I’m willing to take it on, the income potential is there and I can’t pass it up... the funds I can get, just want an idea of what I will be spending..

Paul,I have been looking into HML for a few projects and I am finding about same terms as you  10% 2 points upfront, 1500 acquisition fee...how much are you looking for dollar wise?

We have trees on the side of the back yard in one of our rental home, it happened the neighbor notified us that the branches hung over to their roof and demand us to take care of it.

Built in 1950, it has a new roof, new heating and air, all new electric and other than that the rest of it looks original and beat up.

I'd like to take a look at your project.

I am going through this process with a project in DC and I hope they approve it.

Obviously a beginner....trying to find out ways to fund my first flip project.