Specifically regarding the Cleveland market which several people have been discussing take a look at The Ultimate Guide to Grading Cleveland Neighborhoods.

Any other advice for a new flipper is greatly appreciated, specifically in resort areas.

Getting a referral from a fellow investor is OK, however that contractor may be good for the referee, but could be not so good for someone else.Contractors are special individuals - they too are chasing the buck and trying to get the best deal possible.You may want to write specifications  of what you want done - once you know what you want you can better compare bids from workman.I have found that meeting real people with real tools at a time they are buying supplies and materials at Home Depot 5:30 - 6 am picking up stuff to do their daily work is sometimes an effective way to find the craftsman you are looking for at a price that will serve you well.Getting referrals is OK - but how do you know that they didn't over-charge the person who is referring you to them?

My broker was saying something about specific performance since the buyer waited until the Friday before closing to let the seller know they can't get in touch with the HOA may help her get out of the contract.

The cool part is as you move forward these same people that are on this thread now will very likely jump in and answer specific questions that you have.

The bank will send you a specific Pay Off (good thru a certain date), after your uncle requests it.  

Can anyone provide software information relative to this specific capability?

If you don't have to spend any money to get the cash-flow I believe it's better to just be patient and wait on the rehab.On your particular deal , hard to know without more specifics but if you assume 50% operating expenses, they are asking a 4.6% cap which seems really high for an older, partially rehabbed property.

Brian,I don't have a specific suggestion but I would start with what agency or companies are insuring a lot of rentals.  

I have 500K to invest in cash and there is a lot of opportunities out there, I'm not familiar with those specific cities so it's confusing.