I don't have $200,000 personally to rehab a place so I wanted to go the 203k route.I have gone through the process of getting pre-approved for a 203k and have been advised that I will have to do A LOT of leg work finding 203k approved contractors, and working with the consultant that will monitor the process from start to finish etc.I have decided to go 203k over FHA because I want my place to be damn near brand new so that I won't have to worry about roofs, water heaters etc. for the first few years.

Wow.Fast forward another two years, we had just purchased our second duplex and was about finished working on it.

Ask questions (write these down too if you need) such as:-Why are you moving-Where did you live before-What did you like about it there-Where do you work/What do you do for a living Then if you feel good about it after that go ahead and tell them about your offering and make sure you preface your requirements with a sentence like: "Great, now here are the exact requirements to rent this unit...blah blah blah blah" Right down your list.Once you finish, be certain to ask "Do you meet all of those criteria?"

BP,This is an open question to all realtors, REIs, wholesalers, rehabbers, and every other entrepreneur that is somewhat involved in RE.I wanted to put this in off-topic because I want this to be an open discussion on listing some of the biggest problems we face throughout our day to day.The reason I ask is because myself and two partners are just finishing up with a proof of concept directed at realtors and after meeting with a few really got us thinking about some of the other issues we could possibly address.

However, the owner doesn't want to move until the end of May so her grand daughter can finish the school year.

Currently just finishing up the investing portion, and actively looking for our first home.

Ask them to pull comps of what other houses in the area are selling for - only manufactured homes.Looking at your listing, the finish quality looks ok but the manufactured walls don't help. 

Logic would say the day i finish my renovations and the bank appraises the property is the day i can take out my money.

After they finish one project, they typically scramble to find another deal.

So after I finish college in 2008 I was fortunate to either buy my dream car or save it in the bank or be smart and use it to pay 25% of my student loans.