That reduces the total to 19000, which you can park in a Kasana account or other high interest account paying 1.75% if qualifying conditions are met.  

Advantage of flipping is big profits quickly to increase capital.

The only thing that it could do is lower the amount you can borrow for the investment due to increasing your DTI, but 10k isn't that much. 1.9% is pretty low and should be easy to out perform the debt...

We actually used to have staff visit all properties of interest in tennessee and Mississippi and do photos and a proper condition report.

The best coverage you can get for a vacant home in such a condition would be a DP1 policy which provides you with the most basic form of insurance coverage.

In my situation there are family members helping and there are programs that can help people with serious medical conditions get the assistance they need.Don't jump the gun.

I also assumed that smaller tile would increase the labor cost due to the extra time required.

One wholesaler offered me a Shively "fixer" at the sold price of the one next door, which was in excellent condition <shaking my head>.    

If in about 3-4 months I go to refinance to pull my cash out, will the appraiser be able to justify a higher valuation based solely on the market rent increase?

Hello....could someone please take me step by step in purchasing & selling a REO....it is in good condition....has good equity....I have the asking price & a buyer.... will a Purchase & Sale Agreement work?