----------------------------------------------------------------------------------------------------------------------------------------------------------------------------Now for the value add partBuild an ADU for $40,000-$90,000 (Property allows for a number of ways to build something).Or on the simpler end of the spectrum build a deck with a Yurt for $5,000-$10,000 to move into.Rent out the upstairs and downstairs ($3587-$3400= $187 remaining or $3150-$3400= $250 cashflow)Or there are definitely ways to add value to this house through bathroom remodel or adding some square footage to accommodate an additional bedroom.

My lender called it an "all hands on deck" situation.Also if you wanted the seller to do or complete any repairs before closing, it's going to be hard to get contractors out to do those so you might have to settle on a credit instead (which can be better if you can get the work done cheaper - though then you have to manage it of course, instead of just having it be done).Closings aren't happening face to face any more; many are "document closings", where the parties come in at different times and sign things separately.

Put together your sample deal deck and think about the strategies you intend to incorporate. 

Square footage, number of beds, number of baths, garage or no, deck or no, yard or no, etc are all adders or subtractors.

We also demolished and rebuilt a new back deck.

We also added a large 12' by 8' deck off the back of the kitchen doors.You will see this house is really beautiful and its a 2 bed 1 bath with NO garage and rents now for $950 per month.

Raised capital, assisted in all aspects of investor relations, created a pitch deck

I painted the entire home, replaced the carpets, power washed the decks and exterior of home.

I painted the entire home, replaced the carpets, power washed the decks and exterior of home.

Kitchen was lengthened to about 30' and cabinetry and appliances were rearranged and upgraded. 24X16 deck added to rear of house and a slightly larger patio was poored underneath.