You stated that you think rents are $100 below market value, if that is per unit, you can substantially raise your cash flow.

Its gotten a lot harder to find good deals as the prices have risen substantially in all these areas.

Shoot I wouldn't even wholesale anything I couldn't get to within an hour (unless it was for a substantial profit).

I think very much influenced by demand and supply right now.

If your house is of this construction, there is no practical way to inject/blow insulation into the wall cavity and you are left with the choice of either gutting back to the studs on the inside or removing the exterior cladding and applying housewrap and rigid insulation on the outside.If you do go the interior route, be prepared to encounter hand-sawn timber with substantial variance in dimensions - meaning you will need to shim and plane, or strap, to create a plumb wall for hanging sheet rock {putting back lath-n-plaster would be cost prohibitive and, in our case (a rental), non-compliant with current fire code}.Old buildings can be rejuvenated and made much more efficient, just factor in an additional 10-15% in your reno budget to address any discoveries.

., and believe me, it adds substantial value to a project, and requires a great deal of knowledge, experience and time.

With this disclosure, you may have to undertake a Phase I Environmental Assessment - your lender or insurer may insist on it.We had a very similar deal on a multi-family a year ago - when the Phase I and some soil sampling came back strongly indicating remediation, we - and our lender - insisted on placing a substantial portion of the purchase price (30%) in escrow to cover remediation costs.

The good thing is that regardless of the strategy you can come up with some substantial profits if you do your due diligence.

The yield, the total return, collateral, credit and property defects can all also influence the value of said loan.

However your debt contribution will be substantial as opposed to their cash contributed.Very hard to explain the tax side of that here.There are different ways to create a basis: Debt, cash contribution, property contribution.