I have the ability to find properties that all in costs including rehab and purchase would only be 70 to 80% or ARV on properties. due to this I have been trying to find lenders that allow for less down and rehab coverage since the properties are so discounted.

You buy it and now go to look at your beachfront and see a dumpsite of shingles or tires, that will cost you more than the lot is worth to clear out and maybe have the EPA just waiting for someone like you to jump on with fines for the cleanup. 

If you ever want to chat or need advice, feel free to reach out.

You are adding costs and complications for no benefit at all.

I meant 120k just to purchase the property plus renovation cost, I can even go a little higher than the 120k if the numbers make sense.

I lived for free for a couple years, while collecting rent checks. 

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

I’ve done a lot of research on these projects, so feel free to ask any questions here.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

In fact, I would want to go even lower because there's a very good chance some damage is hidden and costs will run higher than anticipated.If you aren't experienced, I recommend you just buy the good apple.