You would have the option of doing a FHA loan on a househack in Rochester.2) You may be eligible to exclude a portion of the gain from the sale since you lived in it for 2 out of the last 5 years.

The plan currently is to fund this flip (price at foreclosure sale + reno) by private money at a 10% interest rate with no payments until closing, after the flip.I looked through all the contracts available here on BP and none of them seemed like the right fit. 

These will be the easiest people to gain sales from initially.Hopefully you have some friends who are also real estate agents?

Talk me out if a sheriff sale!!!

Purchase price: $75,000 Cash invested: $30,000 Sale price: $206,000 This was a great little rental in a good neighborhood.

This bulk sale was for around $70k a unit.

There is a house for sale or rent sign on just about every block. 

Absolutely, but it will be helpful for the small handful deals you are representing yourself in an open sale, but in private sales it is becoming harder and harder in the current market climate to say I want to buy your property and you are going to pay me a commission on top of that.

Why are you looking for FSBO's or private sale?

This kind of strategy closes more deals and is well known in the sales and marketing industry.One day it occurred to me to use this strategy to make offers.