I have clients that have used Colorado Structural Repair and I've heard good things about Underpinning The Rockies as well. 

In my offer I've budgeted $2000 for a repair.

Thank you very much.Yes, the HELOC lender was fine being in 3rd position, and all of the necessary disclosures regarding the lien were made to them.Ultimately, the HELOC money will be used for home repairs, not for paying off credit cards.

You mentioned the rents were below market rate...if you do the improvements/repairs needed, how sure are you that you could increase the rents? 

However, you’ll need to carefully assess the cost of repairs and ongoing maintenance to ensure it doesn’t eat into your returns.Appreciation vs.

Hey Greg, pretty standard delayed financing (cost + repairs) and there isn't a timeline on that DSCR. 

He assumes he puts down $16k and $4k for repairs. 

@Greg Friedman if you weren't moving abroad and were going to be within an hour of the property - you could easily DIY manage it.Otherwise, you will need either family & friends or a PMC to handle:1) Emergency maintenance issues2) Tenant nonpayment issues (eviction)3) Showings & maintenance when the property is vacant4) Preventive maintenance issues5) RentReady repairs between tenants

In reality, unless all the plumbing is junk galvanized, 80's/90's poly pipe, or similar, you can usually just make a few repairs and have a perfectly fine water system.

I know I can get the rents up but that will be a year (repairs and tenants changing) and even then I would around $50 a unit.