Purchase price: $232,000 Cash invested: $200,000 Sale price: $575,000 I purchased this single-family property and undertook extensive renovations, including excavating a new foundation and reframing the entire two-story house.

The problem is that there isn't a lot out there, and when looked into each comp extensively, I saw the numbers were deflated because they were 'as-is' properties with extensive damage, or properties with a well, and other mis-matched differences.

Expiration of leaseNonpayment of rentBreach of tenant's statutory dutiesBreach of lease termsIllegal conduct or serious nuisanceThank you for your help!

I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts.

Hi Matthew,I’ve been conducting my own research and self-learning over the past several months, trying to absorb as much as I can on my own.

This is often easier in lower tier markets where the appraisals are not indicative of how the property would sell in an arms length transaction.The other risk you run is over extension.

If you conduct yourself as a serious investor truly looking to work with that PM than they will likely help you through the process, especially if you use them as an agent.

I have an extensive background in residential construction, having built several properties from the ground up, and I’m looking to focus on either fix-and-flip projects or a niche market for small residential homes in my area.

Right: but what about the dozens of contracts and hard money loans that are in default without extension or remedy.

But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..