This is of course barring your PM agreement.If they don't upcharge on maintenance, and the rents are still at the level you want, I would get that deferred maintenance knocked out then fire the PM.

@Jay HinrichsI was presented with the Renatis plan also.

I want to present ideas to him so that my offer looks better.   

i suspect you'll say "too expensive," but out of state comes with challenges too, and getting crushed by deferred maintenance and overpriced contractors is actually very expensive.memphis in particular - to be successful there, you'll need a team and a strategy, not just interest solely because it's "cheap" to buy there. 

Going cheap and attempting to present perfection shows up in pictures. 

I have to find out with inspector(s) anything else but I was told there is no deferred maintenance and 6 of the 8 units have been remodeled.

Smaller cities in the surrounding areas of Madrid, like Torrejon, Guadalajara, San sebastian de los reyes... etc always present some cash flowing option.

Personally, I have found that no wholesaler ever presented remotely accurate numbers (rehab estimates were well below my actual costs and ARVs VERY aggressive).  

Just sold one and have two under contract that will go on the market soon.Novations is allowing us to monetize more leads by presenting an offer that is better suited for someone not desperate to sell but who wants a guaranteed net price.

Hi @Caleb Vance, here is an outline my business partner and I used recently when presenting a property to get financing from a local credit lender, hope this helps!