The mortgage lender may understand an "as is" sale but on the day before closing the lender's closing attorney may decide that some old moisture damage on a threshold just must be fixed and demand that the CL-100 "clear" before they will close the sale.

THAT IS MUCH MORE IMPORTANT than saving more money or how much money you have.accredited investors (those that have income exceeding 200k a year or a net worth of over 1 million) have only one thing - EXCESSIVE CASH.

That said, the foundation risk is a factor of the moisture in the soil below the home's foundation.

For a 25% minimum pricing gap, in order for me to invest 10% in the actual fixing up.It seems excessive.

On the sample report, I didn't see eviction expenses, court costs, entity maintenance, excessive damage done by tenants (above and beyond the security deposit), etc.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

The condo conversion fad is over and in many areas there is an excess supply of condos.BTW, buying 30 units at $100K per door and selling for $200K per door does not give you $3 million "net".

I agree that moisture in the basement can be a real pain.

I would advise adding 20% to your budget as contingency for the unexpected and make sure you're not going to have any moisture seepage issues before building everything out..

Excessively marking up the service or product is gouging.