My major concerns are cash flow and if my tenants will fork over $200+ per month for electric pre-replacement (i.e. high tenant turnover- I figured 30 days out of the year vacancy which I was told was ridiculously high here but, it makes me feel better).Has anyone had a similar experience to me and your analysis shake out okay in the long run?

I certainly am not looking to be repaid however my parents are insisting on offering me the property at a discount (or selling it to me and gifting the downpayment back).

Flipping to me is a fancy word to use remodeling/construction, in most cases LLC with S corp election would be most beneficial for tax purposes.

I will also include a light overview of rehab given to me by a GC or a qualified appraiser in. 

I had a contractor client complain to me that a company was trying to pay sheet rock prices for the repair of a cedar closet. 

Seems to me you could rent a place in a location of your choosing and find a mentor by other conventional means.

It just did not make sense to me.

@Jonathan W DowlingDoesn’t look bad to me .

Can you explain to me what your reserve requirements are?

It would mean the world to me to be able to speak to you.