I just wanted to let all the other newbies know that with all the great info available on BP, I have been able to start my real estate investing career successfully (so far) and I can't wait to aquire my next rental.

In the unconventional lending world there is no specific period you are required to wait to be able to refinance based on actual appraised value, which means you may be able to refinance and cash out your original down payment funds and potential lever equity immediately following rehab completion and tenant placed.  

Can't wait to get started. 

Hey Brad - you mentioned a range of 1900-2006 for loan origination date, but how can it be before the build date?

Not to mention that if a lot of work on this house is done without permits.

Ah, couldn't imagine that these were the foreclosures since AUg 2007, which was the only date mentioned.

I made the offer and now waiting for response.

I would live in it for a year and then rent..i just wish I could speed it along in purchasing more than just one a year instead of having to wait a year.

Fernando mentioned nothing about "flipping" and Flipping IS NOT investing.For many reasons, both flipping and investing in such a small market is significantly more risky than in a larger market.

@Zachary Robertson, I also forgot to mention that I called the folks I sent letters to as a follow-up.