-Seeking funding (brokers or creative) most likely FHA-Appraising and estimating repair costs alongside professionals to get an idea of the process-Building relationships with contractors, getting estimates on potential projects (also, reading to get a general sense of ARP)-Learning and executing rehabs, by self and delegating to contractors.

I averaged in 10k for a new roof, paint and drywall repair on one wall, and possibly new floors.

If you want more details to see if you are a good fit for the program, let me know and we can set up a phone call to discuss. 

I think I'd like to have all my money back so I can get into another property, while my tenants pay down principal... and I'm budgeting for capex, maint/repair, vacancy, insurance, taxes, and management... but is the benefit of having nothing in the deal worth having almost no true cash flow?

I started perusing the BP forums on my phone and came across this thread.

Nico,Do you know the "as is" value, and after repair value?

@Malik Batchelor I would suggest getting the Driving for dollars App for $20 bucks a month and save yourself a TON of time and just input the address and save it to a list you build on the APP and then BOOM there is all the owner contact info with even a Phone number.

She probably won't pay, but you can use the deposit to cover those eight days and then the remainder of the deposit can cover cleaning and repairs.

I phoned him and proposed a seller financed deal on all three buildings.

Ok maybe.You will still have to pay to demo the damaged property and that can run from $15k to $40k or more depending on where you live so you may not have much left of your initial investment to buy that next property.And if you financed it - the bank is going to take the majority of the insurance settlement to settle the loan and you will own free and clear a fire damaged house that the city will eventually start making demands for you to repair or demolish.This is why the majority of lenders require you to carry full replacement cost coverage.