Phoenix was quite the hot spot there for a while.

Spend time over at the project (stay out of the way), and ask lots of questions to the rehabber about why he's doing things a certain way, what are the costs, selection of finish quality, how to best manage subs (make notes of who those subs are and what they're being paid, for future reference), marketing the finished home, etc.

I have seen numerous commercial properties go through a closed bidding process where only a select number of REIT's were bidding.

In any case a transfer to your own s corporation in unlikely to be spotted by the lender, and even less likely to be acted upon if spotted.

Be careful how this is structured because if you need to spend 30k on repairs and they don't pay out until its all done that's maybe a tough spot you've put yourself in.Hopefully you're agent is being proactive in finding other agents who know what they are doing with FHA homes.Good luck

I came to my own conclusion and compared it to my realtors price and it was almost spot on.

Authorization to talk to the lender signed by your seller  it will have their SS number on it.. thats the first thing you do.2. when property changes hands sub too via a deed there is a spot at the top of the deed that says send tax bill to this address insert your address  the title company will do this automatically.3.

Be aware there are legitimate agencies and not so good agencies, so be careful in your selection.

We hear so much bashing but I'm sure there are bright spots and even better, opportunities, in the Detroit metro area.

Could you raise rents selectively and not all atthe same time in order to not start a stampede?