Maybe not all, but pic up a magazine with earth houses and 9.7 out of ten are on a mountainside or in the desert.So then, if you can't get the house deal to work out, maybe you could sell the package just for the land.

But with REOs, you'll often be asked directly if the purchase is "financed" or "cash", either upfront when you submit the bid (for example, the FNMA online system asks this) or when you complete the REO addendum when you get the property under contract.I've had banks tell me that they'd kill the deal if I checked "cash" on the addendum and then tried to finance the deal, despite the fact that I included a stipulation in the contract that said I might finance (the addendum overrides the state contract).Just something to keep in mind.

I often find Zillow rental estimates off as well....both high and low in areas.

I just remember an inspector pointing out to me that cheap rubber laundry supply lines often burst and I should replace them with the stainless steel ones.

Travel in connection to rehabbing often is considered part of the rehab.

REOs (bank owned properties) often have a fairly quick timeline, often 10 calendar days.

I will often use leasing agents while advertising the place on my own too.

This often occurs when an investor purchases from a wholesaler, rehabs and then plans on a quick resale — there are two title changes from the wholesaler to the flipper to the end-buyer, which will be a red-flag for an underwriter.

And, more often than not, as soon as I would give them that opportunity...

I find myself often overwhelmed and confused after reading from so many different sources with different strats and ideas, but I continue to do so because Real Estate has always been a love of mine.