If it doesn't work out, turn it into a LTR or sell it.

I think you’ll be stuck covering the costs until lease end, unless you can work out some kind of deal. ($50 off rent, but you pay water usage that has averaged $40 the past 6 months).

Most plug numbers into a program and if certain percentages, based on contractor prices, don't match  they pass on a good opportunity... if its your first house... do the work yourself .. make the mistakes , learn what ever repair/install/demo should costs..... then on your 2nd 3rd 4th you know the numbers and can hire half the work out, do the other half to save money and work towards writing checks and closing deals 

Yes, I was thinking of this too as tonight my husband and I agreed that the property we‘ve been trying to get a renovatIon loan isn’t going to work out, and after having her be our long distance realtor (and setting up appraisal inspection and contractor bid appts with the seller’s agent and their tenants) I feel she’s lost interest working with ALL investors despIte the fact that Ive been giving her referrals.

Get preapproved with a traditional lender if possible, if that doesn't work out come back and ask again.

I need help understanding exactly how this would work out:"Balance between your cash and agreed upon price would be financed at 7.5% with payments of $300 a month."

(CMA) and a possible selling range. 2. work out for what Cap-rate similar properties are selling in the area and estimate that based on your NOI. 3. ask an appraisal for desk top valuation, for the reasons you mentioned above. tel him/her that if the appraisal is on track you will commission full appraisal.

But once I did it and everything did work out... actually better than my numbers showed because the lender was able to lock in a lower interest rate when there was a dip because it was closing faster, so my payment was lower meaning a larger spread available for profits... once I saw that this all does actually work... and pretty much exactly textbook from those books from Brandon on here...

I see this is your first post Welcome to BP.in our market cities nuisance or code violation liens are routinely dropped by 70 to 90% if you just ask and negotiate a bit. 

I want to work out a deal with my cousin to give her some moving money ($15k-$20k) assume the mortgage, Rehab it, and sell.