(Seller needs the equity out asap, so seller-financing is out)As for the deal itself:       Located a few towns over from me (but not far enough where management would be a hassle), right near the better part of the borough, near the middle school, very close to stores & very close to where new construction is being planned & the area is on an upswing.2 - 2 bedrooms (1150-1200/each)4 - 1 bedrooms (850-900/each)Going inside it this week, but from my walks around the outside, I'm ballparking about 100k in renoSeller asking for 200kTaxes as-is about 6500Seller states all zoning approvals & site-planning have been completed, only thing left to do is pull permits and put nails to woodAs of right now, my immediate plan would be to sit down w/ the commercial people at my lender's, assess my standing, and start all the other due diligence common with a typical, residential purchase.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

I also post these up at any diner or hardware store with a community bulletin board.  4, NETWORKING and word of mouth.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

Saurabh Pahuja Taye Nguyen Just as a thought...I never go to the big box stores for contractors.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

Don't take your first time lender to the DIY store, see an attorney, being business like with family is always best.

As far as estimating the cost of replacing the normal outlets, I can only assume they cost between 5 to $10 a piece but that just takes a run to the hardware store.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store