Why are you losing money just to keep this guy?

If you're talking about building an interior wall to create a bedroom, this could work so long as you aren't significantly reducing living space compared to the competitive rentals. 3 bedrooms with a tiny living area could cause problems.

That would probably be a good market for something like this.

Will take a look at the property tomorrow and update this post.

We put this in our offers to differentiate ourselves from other offers and we can write off this expense as a tax deduction.

Except for some commercial investors, this is virtually never the intent of a residential performing loan investor.Lately, performing notes investors are typically earning between around 10% to 15% for very little work after origination.

I see Capital Ton doesn't require appraisals for fix and flips, is this real?

Used enirely OPM to buy this one, and borrowed money from a family member who is in commercial real estate to do the renovation.

I would be interested in this information too.

I'm willing to help this person in any way I can.