I tackle all my deals based on 70% ARV, then subtract repair cost (pad it out a little) to come up with a target price. 

their response said a business license was needed,   but I suppose they may have been incorrect.Moot point now,   as the property I was looking at had a few too many issues for me to want to tackle given price they wanted.   

@John UnderwoodThe lenders im talking to want to stay far less than 50% of the purchase price for repairs and I also dont want to tackle an extensive rehab for my first.

This is super specific stuff that many lawyers are clueless on how to tackle if they never did it before.

Hi @Hunter CrowderYour first thing to tackle is the refinance if you were to keep the property.

If you're just getting started, I wouldn't think you would want to tackle other peoples rehabs, at least not until you've done a few yourself and ran into many of the problems that arise. 

The double deposit mitigates the increased risk of excess wear and tear due to the number of adults and potentially higher number of visitors.my policy is available on my website if you want to read it or you can search for "Fort Collins You Plus Two" and see how they've tackled it as a city ordinance.

Basic what I am trying to say is worry about closing your first investment property, and tackle any issues, or questions as they come.

It is a three-story building, so the awning is high and it seems most handy-man types are not willing to tackle the project.

It is a three-story building, so the awning is high and it seems most handy-man types are not willing to tackle the project.