As the closing date, 6/5/2017, approached I was getting antsy as I knew a lot of planning should be happening but I couldn't get any straight answers from Charles and no schedule, time tables or floor plans had been done - not even meetings scheduled.

@Thomas Lorini    Let me get this straight.1)  You believe the house is worth  $180,000.2)  The loan payoff is $94,000.If those things are correct you have $86,000 in equity in the house.Half of that would be $43,000.BUT!!!   

Overview of the numbers: Purchase Price (Cash Sale) $31,500.00 Closing Costs $2,019.02 Rehab $29,800.00 Mold Remediation $1,950.00 Furniture Cost $1,200.00 All-in Cost $66,469.02 Sales Price $190,000.00 Furniture Sale $2,500.00 Concessions ($5,000.00) Commission ($9,400.00) Closing Costs ($7,355.24) Gross Profit $170,744.76 Net Profit $104,275.74 A few Before & Afters....Master Bath Before/In-progress:Master Bath After:The Story:This house was a monster. 4 bedrooms, 1 bath, 2,714 square feet, and a toilet that emptied into the kitchen below when flushed.

Most firms will tell you straight up what the pay to play is. 

There are a ton of programs out there for renovation, rehab, or straight FHA loans.

Hi in the process to buy a property "subject to" and I really need help to figure out all the paperwork that it needs to close.It's in Pittsburgh,PAI have a closing company who did this kind of transaction before who is ready to start.Can someone help me to see straight with this transaction?

@Dan Grodnik There's nothing wrong with setting your sights high from the beginning, but I would highly advise against jumping straight into a big deal for the following reasons:1) Financial Risk - The larger the investment property, the larger chance for financial loss, especially with no experience.  

Every HML deal I have entered was straight up: buyer sends contract, I offer to lend x percentage of purchase price, and buyer must have the difference to close.

Having a sister to show vacants is great, but when the toilet overflows at 3am because the kids thought it would be fun to flush tampons down the toilet is she going to be taking care of it? 

Getting the building permit is really a pretty straight forward new multifamily residential construction permitting process.