You are also basing ARV on converting it to a 3 bed 2 bath.I wouldn't touch a conversion unless there are other 3 bed 2 baths on the street.If just mainly 2/1's then you are going to have appraisal problems and getting buyers to offer on it.Nobody usually wants to own the most expensive property on the street because it appreciates the least and in a down turn loses the most value.Also I believe "I am not sure" but maybe Will knows is that the HML lender wants a qualified contractor to perform the work and will release the money draws once stages are completed.Also some of the work the city or county will require a license for you to do and you will not be allowed to complete the work yourself.It depends on local codes and what they require.You also have to factor in carrying costs and do overs.If I do something that normally costs 1,000 using a professional myself for 600 with parts but it takes my 3 times longer to do it and I mess it up and have to buy parts again then it's not smart.What you have to do is to find qualified contractors to get the job done quick at a below market price.You keep repair numbers low this way and turn times high.If you start a flip a certain time of the year and miss your list date you can be in a world of hurt when the slow season comes rolling in.You might sell at a real low value or not at all while holding costs from the HML eat you alive.You will also many times need good credit as all the HML's I talk to like to know if the investor has trouble selling the HML has a regular lender they partner with to put the investor into a regular loan and pay them off.

The main reasons that I'm looking at Columbia, is that I grew up there, know the area and the fact that it is very close to the University campus.

Lot of people (even some on this board) would be glad to have him as the money man while they supply the expertise.

I'm located very close to you in Southern Maine right beside Portsmouth, NH).

This is one of the main reasons I will have contractors on the next project.

For example Commercial properties are mainly listed (at least on a national level)on loopnet.com which is the first company to list commercial properties in an online database. ( that I know of)What other technology based solutions can be provided to Real Estate, particularly for private investors?

. $125 in Mass).I don't know exactly what you need to pay the state of MA in annual fees.

In fact, he is one of the main reasons I've changed my views on "debt" - lock in fix rate debt attached to high yeilding asset (rentals).

It seems like supply is limited and there is a great demand for it.

My operating expenses are mainly water sewer garbage.