Possibly a better alternative might be to get the property yourself, then have a Project Management company manage the rehab with solid contractors, get you weekly updates and multiple weekly inspections, so you can see the process happen.  

I am going in to see the property Monday.

You like one of my former Attorneys run M2M - I see the benefits on that all day long, I just operate differently than you.

I am always interested when "best places" lists are published to see the effect it can have on growth of cities.

If you aren't good with numbers  it will help you see the projected cash flow better for a deal. 

You could see the dip in the road and how it ran right across the front yard and under the house.  

So a little update, I was able to see the forums about trailer parks on the laptop.

Chris Eaker I don't see the logic of putting a large down payment in a deal the spending a bunch of money with doing a cash out refi only to get a portion of it back 6 months or a year later??

This is a great sheet @Jon S.The only issue is that I live here and see the market.

Many feel that this is a great way to offload expenses - - until they see the quality (or lack thereof) of the work.