However, it's a great way to achieve STR esq cashflow without having to purchase assets that have a $250K+ pricetag. 

Purchase price: $180,000 Sale price: $209,900 Contributors: Peter Vekselman Partner Driven and Traci Stephens purchased this Watertown, SD property on 12/06/2024 for $180,000 and sold it the same day for $209,900.

From what I remember his purchase was rescinded on what must of been a pretty s valuable property.   

I specialize in vacant lots purchased at tax auction for several reasons @Morris Lucas.

If they have the ability to purchase the note, why can't they just buy it directly from the bank?

Does anyone have an suggestion for locations to purchase homes/condo that are inexpensive and have strong rental potential.

This one was purchased through bank foreclosure proceeding's.

Most hard money lenders will fund 70% of the purchase price and 100% of the rehab costs.

Make sure you purchase at least as much as you sold or greater, and all of the cash you would receive from the sale.You could even reinvest into multiple investment properties if you wanted as long as you meet that requirement.

Should I just completely ignore the FHA loan and try to get approval with a smaller down payment?