That’s where you basically say, “Take the keys, I’m done,” and give the property back voluntarily to avoid a formal foreclosure.

I get the basics on how to analyze a deal but as Lance Edwards says 'As entrepreneurs, our job is to go out and market to find the deals and market to find the dollars, and we match make.

Learn the basics, build a team(great realtor, property manager, contractor, and attorney), and go from there, Luis!

This post below is a prequel that explains the basic concept of Itemized deductions. 1.

Basically they take a house that isn't selling-pay for the renos, then split the profit. 

The rehab is basically done, we have no more expenses / materials to buy, just touch ups to complete. $68k in but that was our own money, not financed. 

However, once you've got the basic down, let me know if you want to discuss strategies and approaches or if you're considering a deal you want another set of eyes on.  

@Zachary Russell here's a quick example of the 5-8 unit program that I utilize most frequently for commercial multifamily:• 75% LTC• 7.75% interest rate on 30-year fixed term• 1.20+ DSCR minimum• Basic DSCR calculation, no expense load: DSCR = Income ÷ PITI• $350,000 minimum property value ($250k min. loan amount)• 80% occupancy requirement

But the seller is taking all the furniture so we will be furnishing it and basically starting from scratch!

However, we havent seen much of that and can't get even a basic email answered in re to growth or strategy within a week.