Our total rehab costs will be around $15,000 and if appraised accurately, will allow us to access around $50,000 in equity (I am probably going to use Unison for this).Fortunately, I have an uncle who is successful in buy-and-hold -- his advice has been valuable.

I've been fortunate enough to come upon a few good deals and my current contractor is at capacity.

This house was under contract with another investor who pulled out.Carpet #729 (Fortune Cookie)Vinyl #AC432 (Sandy Brown)Tops #7734-58 (Jamocha Granite)The house comes with a 10 year warranty and all future repairs must be done through the company or the warranty is void.COST - $150,990 ($95.00 deposit holds the home with approved lender and attorney) ESTIMATED VALUE - $153,000RENT - $1,325CASH FLOW - $364I got financing for a 30 Year Fixed loan for 5.25% at 25% down Now waiting until July before I can do anything else.

We've always gone above and beyond to take care of our tenants and hoping in return they would do the same and fortunately for us they have. 

The other 80% of LO's came and went and there were always new people there to make their fortunes as Loan Officers.

Notice the screws holding it in place.AFTER RENOMaster Bedroom - The wall color is a modern greyMaster Bath - updated counter topsMaster BedroomLiving Room - Fireplace is a focal point of the house and really pops when you enter the houseKitchen - new appliances and updated counter tops Guest Bath - updated Front door - spent a fortune on it, but worth every penny in curb appealInside view of door 

I've been fortunate to do this full time over those two years. 

That is why many more fortunes have been lost in real estate than won.

I didn't ask about the hard money lender, since dh & I aren't interested in going that route.Adding the commission/pts into the loan would be all above board and transparent - we are very fortunate in that we have no doubt as to this guy's integrity.

The Iranians are VERY FORTUNATE that someone like me isn't president, because I would have already turned their country into a parking lot.