While attending school I've discovered that its not the route for me.I'm brand new to RE investing but have been watching youtube videos on leveraging, profitable cash flows, etc etc.I have bad credit due to past family altercations (sub 670) so financing is out of the question, but am debt free.So here is my situation, I have a business partner who owns a construction company and is willing to front all the labor costs of rehabing properties as long as we split costs of materials 50/50.

Hi @karen Margrave nice to meet u, in fact Malaysia market is still green than other SEA country, im focusing in project which is under-construction, mostly is services apartment(mixed-development) nearly town(Kuala Lumpur), for invest purpose here is a good place and also good pricing for looking oversea property.Beside buy& sell profit in term of rental income is quite considerable.Wish to hear  from you more.RegardsKenji chai 

I personally want to learn about the actual rehab process, a mentor who does a lot of his own construction would be ideal.The benefit of helping me out is that I do have the money to get into real estate investing so, if i learn with you there is serious potential for a partnership soon if both of our ideas line up.

And on top of that there is billions in new residential construction.  

Successful investors have more opportunity presented to them than they can possibly undertake.

This step ensures that the title work has been done and both the borrower and you have clean title.6) Recording of the deed.If the funds are being loaned for construction, I would lend the money in draws, upon completion of phases.

-Tenants staying there since (24 months, 14 months, 6 months, 6 months)-Leases are going to expire in (24 months, 6 months, 6 months, 6 months)-Security deposit (295, 295, 295, 125)Bad- Year of construction: 1981Ugly (This fee is supposed to be a deal killer but I think the risk is worth taking - I am seeking your expert opinion on this subject).- Monthly Maintenance Fee of 760$ - Seller is claiming that this fee cover pretty much everything except inside the property… the insurance on thru HOA is enough for most banks… also cable/trash/grounds/day-night security…I prepared 2 Reports using Bigger Pocket’s Rental property calculator a) With 100% mortgage b) With 75% mortgage.During the preparation of these Reports, I considered the potential future expenses by having the following assumptions.

@Joe Hausen - Good question, but, it seems like you are not totally at ease with this undertaking and rightly so.My take is that this property might not be worth your time and effort to acquire, pay the overdue taxes, refurbish and sell for a measly amount of profit if not a loss. 

IDK why you would buy a 300K home in Warren when you could just as easily buy the same exact new construction in Clinton Twp or Macomb Township, but thats just me.Of course If you can get into Rochester, B-ham or Troy by all means do it.  

fha 203k is for mainly cosmetic work no structural and that sounds like structural.There is a 203 full K which can do structural work but that requires a HUD consultant review and a more involved process.Or get portfolio construction financing at your local portfolio lender or community bank.