Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated the interior and exterior of this home that resulted in a premier vacation rental property.

Our team redesigned the interior and purchased all furnishings and decor to give a stylish, comfortable environment for guests.

2) Overhead, exterior, interior?

Our team redesigned the interior and purchased all furnishings and decor to give a stylish, comfortable environment for guests.

You won’t be able to see the interior of the property unless no one is living there, in which case you may be able to at least peek in the windows.2.

Found on the MLS with zero interior pictures and listed AS-IS.* Asking price was $525K, we lowballed at $460K.* They dropped to $520K, we countered with $465K.* Our agents met and we learned that the lowest they'd go was $510 because of a HELOC* We offered $520K with $10K seller credit to be used for closing costs.

We allocated $35,000 to renovations, focusing on interior updates and enhancing curb appeal.

The last tenants did some damage to the interior of the house and repairs like, sheet rock, fixtures, paint, etc. need to be completed. 

Quote from @Jamie Bateman: @Chris Seveney well, I don't want to increase the demand for the next trade, but with the HECM NPLs you get interior photos prior to bidding.

@Ben ClingerHi Ben, I just noticed your post.Toledo just clarified their inspection criteria for section 8 houses and decided they wanted their cake and to eat it too...we don't have to have an interior inspection (since LMHA inspects that during their inspection), but we DO have to pay for a Lead Inspector contractor to visually inspect the exterior of the house and of course we DO have to pay the $45 fee (which is of course what this is all about).LMHA of course inspects the outside of houses along with the inside so the whole lead inspection is redundant.