Thanks @Annette Hibbler, @Daniel Harnsberger, and few others who have welcomed me and gave me tons of advise already.

This particular contractor was shady (tried to get paid earlier than his schedule, claimed the property passed "first inspection" while all they got was a permit, etc....)Please advise how I should move forward as I am meeting him tomorrow.

I plan on talking more with my financial adviser but thought I would do a little research beforehand. 

I also would only be able to get together a few thousand dollars in 2 months to cover closing costs, but not really any other money to 'put down'Do you advise, instead, that I do an FHA streamline refi, save my money (working my regular job) and in 2 years, try and refinance then (or sell and purchase another property)??

Finding sale comps in Indy that are 1 mile or less away from target in last six months is challenge.Purchase Price: $52kRepair Estimate: $40k  Projected holding time: Max 90 days or lessComps: 1. 3/2 sold Feb 2015 for $135,000 (0.4 miles away) 2. 3/2 sold June 2015 for $199,900 (1.1 miles away)3. 3/2 sold May 2015 for $189,900 (1.7 miles away)ARV: $174,993 - $30,000 required profit = $144,933 - $40,000 rehab = $104,933 - $20,880 realtor/holding/points/closing = $84,053 MAO ($32,053 below asking price)Below is a conservative ARV based on $164k median home values in Millersville:ARV: $155,000 - $30,000 required profit = $125,000 - $40,000 rehab = $85,000 - $20,880 = $64,120 MAO ($12,120 below asking price)Any advise/insight would be appreciated.

@Alex Chin Thanks for all the advise man!

Being good to one investor can unlock the door to 10 investors  Thanks Elliot for the advise.

Hi, I am seeking advise on a deal.

Most attorneys and CPAs would advise against it.I can, however, provide general commentary: I don't like to use unit counts as a metric.

@Durai Kalaiselvan what does your PMC advise?