The only thing is that the interior of the garage is incomplete, needs dry wall and a ceiling.

Hey guys,So I found this triplex that is on the market for $290,000, the seller has redone the dry wall, roof and windows.

A conservative lender like a bank will want to make sure they don't lend you money only to see the rental income dry up during the life of the loan.Strength of your personal finances - again, the lender will want to be protected if the income on the property goes sideways.What do you think the property's value will be appraised at?

However if they just want to invest excess capital a house flipping business is NOT a good idea.

It appears to of dried out causing the bulge.

The house is now vacant and in need of renovation (bathroom and kitchen had dry rot issues, two bedrooms had partial wall removal due to mold on the plaster).

The request for the GC was to build the structure (roughly 500 sq ft), or "dry in" the space - then I would take it from there and hire my own subs for the mechanical. 

When combined with the appropriate use of leverage, you can supercharge your returns in excess of 20% right here in the local market.  

Kitchen and bathroom mostly... little bit of dry wall, cabinets appliances, patch paint, vanity, mirrors countertops.

So in all cases but one the spread is greater than 3%, and in that case (using higher-interest bridge debt) we plan to refinance into lower cost debt by year 3 which will then create a spread in excess of 3%.Unfortunately buying commercial income property (includes multifamily) requires very sophisticated financial analysis and there are no shortcuts or rules of thumb that will give you the complete picture.