Bad areas attract bad tenants

A CFD is underwritten as a refinance and closed as a purchase, so you will have fewer bumps in the road with a CFD or a wrap than a lease option, specifically, that FMR payment issue.You could also make the CFD more attractive with a higher payment (shorter amortization) to establish equity in the deal as opposed to saving cash for a down payment.

To attract tenants, they offered all bills paid on 3 of the 2 bed. and they are charging $550 a month.

In addition, there are may tourist attractions from the beach to theme parks so rental housing and summer vacation homes make for great investment properties.

I see what you are attempting to do, and I don't know your area specifically, but in general, finding an REO on the MLS with enugh spread to have a wholesale fee, costs of interim financing, and still enough spread to attract a rehab investor is difficult at best.

My understanding is that Roths are not subject to UBIT, making them a very attractive vehicle for almost any sort of investing.

Also, have it under contract and close on the 91st day doesn't really make my offer attractive to the banks, just curious, is there another way aside from what was already mentioned?

I know there isn't a silver standard, and I honestly don't get the attraction for gold.

Thanks Kevin, I hope so.When I origianlly intended to flip it in 2007, I was asking over $50k for it so the $36k should be attractive as San Antonio has not depreciated like mots of the country.

If you're in a good school district, you're likely to attract families with kids, so think about kid (and probably pet if you're going to allow it) proofing your place.