We do complete kitchen and bath renovations and re-designs often down to the studs which far exceeds a typical turnover renovation where you'd maybe do minor repairs, paint and lay floor.I think I could probably manage 200+ units using Buildium property management software (or some other full featured app) without breaking a sweat.

Hows the overall condition of the property > If the appraisal is marked subject to it won't be able to go conventional or DSCR It needs flooring (bad carpet) painting and there is a hole in the side of a fiberglass tub.

Instead, I stumbled into the strategy by accident but I believe it helps paint the picture that you can be successful if you are not merely looking to replicate the housing that everyone else in the city is offering.

I didn't buy it to rent it out and at the time of lease signing, the "known" person was a ready to move in tenant who was ok with taking the place without requiring new paint or this and that as many renters want when they look for a home to move into.

What would the market rent be if you painted, and installed new floors and countertops?

So in the end, I will be putting 4 new mobile/modular homes on these lots.Exit Strategy: Rent long term or Lease option to buy.The price of the "Farmhouse" is $175kRepairs: Pressure wash the house, paint inside and out, replace flooring: $10k$15k for fees, inspection, or any other unforeseen expenses$20k for Mobile/Modular Home SetupThe price on the 3 acres behind the farmhouse is $80kRepairs: Paint and new flooring $10k$15k for fees, inspection, or any other unforeseen expenses$20k for Mobile/Modular Home SetupTotal: $645kI have a lender who is willing to cover the deal @75% of the cost.I have a Gator who will cover the EMD.What I need is someone to help me with the Gap between that.

Estimates are way way over $100k in repairs and they claim in the appraisals that you can do a roof, paint, flooring, new ac, pool replacement plus pump and plumbing, 100' fence, new kitchen, remodel 2 baths and all new flooring as well as re plumb the house in a 2200sf house for.... $45k!

No pictures of the kitchen. 2. 170k 3/1  no pictures on zillow/redfine, no listing sold in 2021 for 180k sold again 2/24 for 170k3. 180k 3/1 list 199k in 8/24 sold 2/24. no appliances, fair rehab, exterior paint, New hvac, new water heater.

You could have them painted.

Zillow says it’s worth over 500k, but there are things wrong with it: The pellet stove needs a new tiny door to work, two sliding doors are off kilter, needs some cleaning and the deck could use painting.