Currently, a hurdle that I am looking to get over is securing lending that will also have renovation costs built into the actual loan amount.

In one building the tenants accumulated so much junk over the course of their tenancy that I was forced to get a 40’ roll off dumpster to get it emptied for a sale.

The home appraised for 1.2M, the deal is anything the home sales for over 1M after the fix up he will split with me minus my costs. he will hold the home while I do the renovations, no home purchase necessary.My question is how do I find the ARV on a high end home so I know if this is worth pursuing? 

The latest example, we had a set out (Sheriff watches over as old tenant's stuff is removed from the property) on Dec 13th. 

We invest in Toledo and Detroit , We are more then willing to share why and what we have learnt over the years if anyone  wants to chat

Some towns require a nightly online form to be filled out for any non-residents who are parking their cars (this is easily automated from an operational standpoint).As the MTR market becomes saturated over time, those who have separated themselves from the rest of the "competition" will continue to perform well by having an outstanding listing and all the MTR-specific amenities.

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

Startup costs related to the LLC or marketing may be partially deductible in the first year, with the remainder amortized over 15 years.This post does not create a CPA-Client relationship.

@Sam HendricksenMultifamily is super competitive in this area and you have a huge advantage over your "competition" with the fact that you are owner occupying as most deals nowadays hardly cash flow. 

We are ready to continue investing and are interested in traditional financing but want to learn more about Subject To and private equity and other creative financing methods.