We couldn't resist listing it in the spring market before it was finished (tile was going in, etc), and when we didn't have offers, we weren't sure if the price was too high for the neighborhood or if people were just reluctant to offer on a house under construction.

layers) and essentially did a full gut rehab, including correcting some structural issues caused by an attempted "fix" of a bad tub surround in the shower.

(I have around 15k savings and My Uncle said that he can lend me up to 30k but i would have to show him a finished ready to sell product).

(Make sure you are including your closing costs on purchase and sale to compute.)  5% vacancy is probably unrealistically low unless there are long-term tenants (which often means the rents are below-market).

If it's a big job needing practically everything completed, including permits and drawings, etc., then you're much better off with a GC for your own sanity.

I am trying to partner up with somebody else to do me the legwork would be needed in the future fix and flip transactions i probably will do out of the state when i am absent , including which is the most important thing is to watch the rehab process and contractors progress anybody has an idea how to setup that king of relation and contracting ?

I think I finished it in about a month.Good Luck!

If you convert your home prior and decide to rent or live else where in the interim, then decide to use FHA to qualify for a new primary you can use the rental income with out restrictions of the 100 mile rule and still qualify for FHA.Their (FHA) guidelines are rigid, but with proper planning you can adhere to the guidelines and accomplish your objectives while avoiding the unintended consequences of the rules.Best practice would probably be to wait a few months after moving till utilizing your FHA loan to obtain another property.FHA does have a max of 7 financed properties including the FHA insured property (6 rentals + 1 FHA primary) so it looks like you're riding up to your max with the current of 6 financed properties.

His estimate was solely based on the pictures I provided him from the inspection (which did not include everything.)

So that means while everyone else is popping a top and sitting down to watch football on the sixth day, you need to be working your area and knocking on doors because everyone’s at home- including sellers.That makes the commanded sixth work day the best day to work your neighborhoods, meet with sellers and be looking for deals.What you do on that sixth day will greatly influence your success.Point three: take a day off every week.