I am limiting this to only military members since most members don’t have time to update their post on a daily basis to insure it gets seen.

And I'll bet with a little review class you could pass easily. 

Hire college students to do the demo and I'll bet some of them can do most of the repairs.

Think of the buyer as saying “I will buy your home if X comes to pass by THIS DATE.”The “X” can be anything from loan approval to acceptable home inspection results to the home appraising for the agreed-upon sale price.There is always a date attached to a contingency; a time limit under which the contingency must be removed or the buyer is in violation of the contract’s terms.There are seller contingencies too.

The first limit is that you have 45 days from the date you sell the relinquished property to identify potential replacement properties.

Those that can't buy now or at the margin will have to buy sometime else that fits their wages or not buy.If wages are part of the driving forces behind a rise in inflation, then consumers and investors will still continue to buy at the limit of their income.

Then the work will begin.The HomeStyle loan is ONLY for Single Family Homes.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Minimum: $ 5,000 (below this on an exception basis only)Maximum: Limited to 50% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term: The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

(Moved in over the summer, lease goes until next January).So in my limited experience I would say renting to these types of tenants is a good idea

@Sean Cole  its regional for sure.. the ones I had in MS and AL  feed us the deals.. but lots of deals there ... its funny as we talk about this.. some parts of the country there are still plenty of deals others its very tight the deal ship has sailed and its basically pre 07 market.. one size does not fit all.in Oregon we have little to no OREO inventory anymore all those agents that specialized in it are out of business and back to doing regular real estate.. the foreclosures at court house that were 20 to 50 a week are down to 3 or 4.. with MASSIVE competition.. it all cycles that's for sure.. but I bet you can still roll into certain big cities and buy hang over inventory..

I have limited experience with flips here in CA and am closing on my first out of state venture.Thank you!