Quote from @Ana Mills: The high quotes for the electricians will be way cheaper than having your handyman do it and it causing damage, causing a fire, or even worse causing a fire later when someone is living there and that person/persons getting hurt because of the work being done by an unlicensed worker doing the work. 

Purchase price: $37,000 Sale price: $65,000 Land deal as is / buy low sale high.

Common examples include difficult grading, or an irregular lot orientation. 

The Shadow Ln property presented a high-demand location and a competitive purchase price.

For cash flow, I'd point you in a C grade area. 

If you want more info on Cleveland you should read The Ultimate Guide to Grading Cleveland Neighborhoods.

Gap funding or junior position funding is highly risky. your team has no real money in the deal..

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Message me and I will send you a video interview I recently did on this topic.Thanks,Mindy

Do they have 5k in high weeds/grass built up from a year of the city mowing at $300 a pop?