You can PM if you prefer.

It totally depends on your preference!

We really prefer not to pay for rehab upfront out of pocket.Any and all help will be greatly appreciated!  

I'm very happy with the arrangement, as I've realized that overall I prefer to manage my properties, but with a full time job and young children, I don't have time to do the maintenance.

I would travel to accomplish it, I could do it in Calgary but prefer the odds of cash flowing in certain markets in the States more.

However, the bottom line is the investor determines the minimum profit or minimum ROI (or whatever calculation they prefer) they are willing to accept. 

I'd definitely prefer to stay local and I want to believe what you're saying but I'm not seeing the opportunities locally at the moment. 

If you are going to owner-occupy, you also want to benefit from the OO preference periods offered by HUD, Homepath, and Homesteps.

So, this option would require us to pay two mortgages for a period of time (which, obviously, we prefer not to do). 

Investor reportedly made ~10-15% (he purchased the tear-down almost two years ago for $850K).Some of our options for each house include:Rental house: Long-term tenants would happily buy from us and we could do owner financing, or we could tear down and build, or just keep renting it out (tenants prefer to stay).