My name is Robert Kersten V. I

Originally posted by @Tom V.: I doubt it's worth that much.

Scott and doing it yourself and cutting out all the middle men and keeping those profits for yourself thereby creating a better buy for you that will move you up in asset class by the virtue of you getting the better deal.Do you self manage or do you flip that to PMthese are important distinctions vis a vi other investor that don't have the benefit in living in the Mid west like you do. by just doing it yourself in all of the above you pick up 1% of the 2% rule right there. 

@Roger Vi welcome to the site.

Rocky V. I

Thanks @Tom V. I

Originally posted by @Roger Vi: Just checked with county, there are no requests being made to change any of the zoning on the block What is the current zoning?

Etc etc. can create problems for the brokers vis a vi their contract duties.. and if all the I's are not dotted and T's crossed their broker may withhold their commission check.. and that would not make for a happy agent. 

What is your opinion are these large swaths of boarded up homes we see in the mid west upper rust belt ruining these cities or are they an investors dream opportunity to get into the RE game for ridiculously low price points Vis a Vi the historical norm..Say a 1k house in Detroit that sold 10 years ago for over 100k..

@David Begley   if the CF wants hard money rates they will have a hard time with these underwriting critera vis a vi rates and terms... these would be akin to A paper or bank deals and as such 1 point and 6% is what I would expect to pay or less.In Oregon if we can get 90% of cost for new construction  including land and improvements. 1 point 5 to 6%  and of course a PG