I do these regularly and am glad I learned the ropes with normal arms-length  sellers @James Sestito. 

Once we do about a 100k rehab It will produce us an 8.5 cap at 2$/sf NNN if we just lease to regular medical and/or related businesses as it's right in the middle of a very heavily populated medical zone.Depending on timing and wether Marijuana gets a green light in November in 26 States including Cali we could lease it to a MJ dispensary on a 20 year lease with a  high double digit cap NNN.Personally, I think the train has left the station on MJ and the Fed will have no choice but to acquiesce to the desires of the 30 plus stated that will have legalized or at least de criminalized it.

I will be updating this post regularly with my progress.I have had a lot of ups and downs since I started on my own in October.

Not an issue if your GC understands this and is working with you and you pay for regular draws.

You can find out by calling on the deals how timely they are.That being said, I still think the best is to find a good realtor that's willing to do regular MLS searches and bring the deals to you.

this must be the third time i've run into a post pushing your company in the regular forum.thanks for the "help."

I didn't take off from my regular job, so it was nights and weekends for weeks on end. 

Our repairs expense is regularly in the 20-30% range vs.

We haven't had this situation before--in the past we have just reimbursed tenants for costs that they actually incurred, so we would appreciate any advice from others about what standard practice might be, or about what might be considered reasonable by people who do this more regularly than we do.  

Cashed out at 75% ARV.It sounds like you're paying market prices and aren't looking to do very much rehab.That's just a regular rental that needs some updating.This is why...$88K gets you around 25% down payment.