Some restrictions include, that in some states, you now have to be a licensed real estate agent to wholesale.

My mortage is 1517$ per month including property tax and homeowner ins.

My suggestions for anyone reading this….Before signing a rehab contract: get at least 3 bids, check that each includes detailed line items (materials + labor + markup).Set up the draw schedule: only release payment after verifying completed milestone.Have a worst-case scenario worked out: what if rehab takes 2× time, what if lease-up is slower, what if refinance drops?

Also, if she's not employed, she still has to pass screening, including income.

Needless to say, when they put the notice in the envelope they had printed out, they knew full well it was going to Pennsylvania, where it didn’t arrive until the 5th.The notice includes that if the lot has not been cleaned up by the deadline, the city will take care of it and charge the delinquent owner at least $110 an hour for the work.I called my contact, Brooks, who went out to the lot yesterday.

I usually charge 10% and I include material into the charges if I do that for other people. 

Include all costs and what it does to your monthly budget and future buying power.While deciding, tighten cash flow: ask for an HOA payment plan or appeal fees, explore a small rent bump at renewal if comps support it, and price out selling the condo with seller financing to shift from negative monthly to positive note income without a big cash hit.Quick question to guide next steps: what’s your current monthly shortfall after rent, and when does the tenant’s lease end?

The important part of the rehab (biggest expense) is the backyard which I've got a quote for $10k which includes demolition, landscaping, and pool service with pool liner.

You can terminate the current lease by mutual agreement and issue a brand-new one that includes the additional adult as long as the new person is fully screened (credit, background, income, rental history, employment, etc.).

If they include selling costs, as they should, pretty much 100% of those loans were underwater on closing day.