We discovered the previous owner had dementia which explained most of the work we needed to do, Our short-term is improving that unit to rental standard, not necessarily adding property value as he and I are still drawing floor plans for Long term.Thank you!!!

Where you planning to house hack? 

I don’t have a lot of money and don’t plan on living in another rental.

I pull all my copies , approved plans from the county , footer inspections , final inspections , AND I found a copy of the code from 2002 . 

@Rich Emery If you plan to sell early, consider a 12 to 24 mo bridge loan.  

As with any business plan, the pro forma is only one page.

I Know with my plan to acquire 5-10 properties in the next five years, at some point I am going to have to make 1-2 purchases a year.

What I'm planning: buy and hold the property, brush and clean it up with intent to hold until cost of funds drops a little in 4-6 months.

Until whoever is sending you these opportunities has the conversation with you on how much you'd like to make on a deal, how you figure your ARV and how you plan a rehab/ costs they are likely going to continue sending you opportunities you won't find too appealing. 

I'm planning to send some mailers this year using the Ballpoint Marketing integration, so really glad to see you guys have added that!