After Repair Value (based on rehab plans)3.

Not sure how much you need for the remainder of the repairs.

Since you indicate damage, repair and repaint and deduct from tenant.7.

Unfortunately a lot of the decisions that are being made by PM are just not the right ones (costs of repairs, what to repair vs replace etc) so it ends up being me jumping in to manage them.

Build a team:- Commercial RE Agent- Lender- Contractor (for any updates/repairs you'd like to do)- Insurance Agent

Homes requiring significant repairs or upgrades are struggling to sell, and sellers are often forced to lower their prices or offer additional concessions.

Have you estimated the repair costs?

Just a heads up.So you calculated out you need  $6 million worth of apartments to hit your goal.A commercial loan may require 20% to 30% down in cash, cash reserves, working capital, and closing costs.You will also need earnest money cash.The lender may also require certain repairs to be done Shortly after the loan is made.The lender may also require the Property to be stabilized as far as occupancy percentage is concerned, leaving little on the bone as far as sweat equity.Good Luck!

I think you may add a bit 30%-50% more on the cost of Estimated Repairs.

Hello,Thank you everyone for the input.Please correct me if I am wrong I will use the 200k, 80% to pay back the Heloc loan (165k) plus 30k in repairs and renovations, a total of 195k, minus closing cost.My question is where do the $50k , the 20% goes to?