There are literally no  reasonable SFH in that side of town .

You are missing literally the largest networking event in the state today. https://www.biggerpockets.com/forums/521/topics/35...

There is literally so many ways to make money. it is just focusing on 1 or 2 of those ways and getting systems in place to keep the marketing / follow up going. 

I am literally just new to all this and started researching Real Estate Investing yesterday.

He literally dove head first into this tank to reposition part of the sump pump.That would’ve fixed everything had my many failed attempts not burned the motor up.

And yes, lots of work it's involved BUT the learning which you get by doing it (literally) hands on is priceless.

hi kevin. just so you know, i find some of my best deals like this. the house has probably been owned by a bank. the previous owners/ tenants have long ago moved out. you need to go to the local clerks office and look up any foreclosure papers on the house. that will show you what bank to deal with. the people listed as the owners will still be listed as the owners until the bank fully forecloses. then, they bank may or may not sign onto the house. if it is in foreclosure, you will have to deal with that bank that foreclosed. if it is not in foreclosure, then you will have to find the owners. it is likely they moved somewhere close by. look up their name in the county clerks office or on line if the clreks office has that kind of website, and see if they own any other houses near by. do a whitepages.com search for them as well. i have found more people this way. also, what you may need to know is that a few years ago, the obama administration was restricting banks on the number of foreclosures that they could remarket per year. hence, this lead to banks marketing only the prime foreclosures they had, leaving the " trash" alone for years. eventually, some banks got tired of holding on to their " trash" and just wrote them off by sending a letter to the owners that they were dropping their leins on the house and the owners literally were given back their houses. if this is the case, you would find in the county clerks records a " release of lein" or a " release of mortgage" on the house. now, just because they " gave the house back" to the owners, doesn't mean the owners know. quite often, the owners have moved on and the letter went to the old address, so the owners do not know. this is your chance to find them and offer to buy the house dirt cheap, i mean dirt cheap. i personally have bought 2 houses this way, and i never paid more that $2250 for either one. thats not a misprint, it was $2250. i had to assume the back taxes which were almost $5000, but thats still cheap for a house that was worth $50,000. keep me posted as to what you find on this one.

DC is extremely hard to deal with and taking back a property can literally take years. 

The newer house needs a down-payment, just no closing costs and literally comes with everything we need in a house.  

Gain will be any amount of gain over 500k (with gain being calculated as original purchase + renovation, deducted from sales price)For a 500k construction loan....are you literally planning to tear it down and build a whole new dwelling vs Rehab?