I'm asking if it's reasonable to sell this note at a 5% to 10% premium to the outstanding balance. 

Seems like a combination of rookie landlords and short term gains over long term thinking...

I’ll PM you for sure.As an update, one thing we realized is that a HELOC on the property to be flipped (appraised for $85k) would essentially destroy our credit (large loan for a short period, closing out a line of credit after a short period).  

Short-term looking to get pre-approved for an FHA loan to get into my first property.

(this is important if you do need a short term loan to purchase then refinance out - and the answer should be 1 day...very important that it is 1 day on title is all that is needed to refinance) What is my minimum down payment required?

There are five short videos on YouTube.

@Mike B.If your lender won’t close on the property without the new roof, maybe you could have the seller do a short term seller financing situation for you.

Very short commute.Rental Value: 1800-1950PITI: 1580Purchase price: 285k, I owe 245k. 3.5% 30yr loan.

My original plan was to remodel my home and use it as a rental but seeing how much equity i have gained in such a short period of time I have changed my mind. 

You’ll really be helping their bottom line by paying the high premiums