really as simple as that.now there are credit card schemes some will charge you money for .. that get you to all at once grab a bunch of credit cards that have teaser rates of 0 interest with the idea that you can flip before the first payment comes due... but getting a bunch of credit then maxing out the cards will crater your score.. so be careful there and if you have an issue with what you used the funds for you now have a bunch of consumer debt at high interest that could bury you.. so be careful.. there are no Zero % loans and for most starting out its even hard to get a HML.. which will be 16 to 14 Apr with at least 20% down plus points and fees

This is simple math, and if you know your market and rehab numbers, it is not very speculative at all. 

Did it myself and got burned because of lack of first hand knowledge regarding the "real cost" of farming something out when you don't have a great Rolodex.Rehab #2 was simple...

It should be fairly simple to make an educated guess, as opposed to just speculating.n Look online at the public records and see what mortgage are in place.  

There are literally thousands of questions you should be asking, and we cannot guess what you need to know.  

This makes it a single lot which would meet the frontage and setback requirements, but would allow him to also build up to the full 20 units/ac.That triggers the next question what is the valuation difference between his fee simple townhouses/duplex and a "condo"?

Good simple explanation and example of RUBS.http://www.accurateutility.com/rubs.htmlThe beauty of moving to RUBS is the "forced appreciation" w/this move.  

I will,take care of the high potential equity based leads.I advertise on radio, TV, direct mail to commercial owners, and make offers on expired listings.I don't think you need a partner unless you feel you lack some education or skills that another can provide.I would keep it simple, I use a system that I developed10 years ago, it is call Control and Roll, control properties and sell at public auction.

A simple quit claim deed from both spouses to one spouse, notarize and record at the courthouse. 

Get a yellow legal pad, a good dark pen, draft out a quick, punchy message, and write it over and over.Keep it simple.