@Nick Thomas if the only thing you have is just pictures then you have not much, and therefore the safest assumption you can make is that you will be doing a gut rehab.Also cheap is not inexpensive, and the cheaper they are, the more money you will put into the rehab.What I do to estimate rehab costs remotely is to have my (local to the property) realtor walk the property with me on FaceTime and I record the video.  

I say I can get a double out this because of the price point of purchase coupled with increased NOI and some other fixes in expenses.

They seem inexpensive but not sure if that is what I would want as they may be less secure for larger storms.I know I am asking a lot of questions so I appreciate any help you guys can give to a new investor!

I much prefer to approach it as an hour timeframe and book them in 10 min intervals.

Essentially, what do you want (min. thresholds), how much risk you are willing to take, budget, investment time frame, time commitment and liquidity constraints.

Obviously this can’t be known but as it’s their job to think of these things (as part of managing billions of dollars), I like to think they know more about this stuff than I do, but they also can’t predict the future.I personally think there will be a mini recession sometime in that time frame fove or take a year.

Whether you're gutting or just updating I would just go with inexpensive fixtures and materials.

Hi!So I am looking at getting a duplex for my first rental property (living in one unit and renting the other). If you look at my other post, it'll pretty much describe that in the Greater Seattle Area that housing is...

This often provides a high and relatively safe return for the lender and allows borrowers to quickly and easily obtain funding, while also having a say in the negotiation of the terms (points, interest, timeframe, etc).    

Promissory notes are basically loans that also have certain time frames and are often secured by collateral.