Thank you @Karl B. and @Dustin Beam

@Chris Youssi @Dustin Beam @Marc Winter Let me clarify my comment on Cap rates and LTV.

I was looking at a house with foundation issues (pier and beam) and spoke with several companies.  

Here are the detailsBuilt in the 1950s, bungalow style home, pier and beam. 2/1 main house, 1100 sq/ft with a 2 garage/apartment in the back, 700 sq/ft, 17,500 sq/ft lot. 3 car carport in front of garage.

Buy blank checks at Office Depot and you can make them in your laser printer.I know some people setup different accounts for each property, but that seems like unnecessary extra work.

They only thing I have contracted out was putting in a 18' steel beam.

This should include the main beams, posts, and floor joists.

@Brad Beam what’s your ARV and repair estimate 

The ridge beam was bowed down and the front and rear walls bowed outward.

Then we had to replace areas of framing on interior and rebuild the window framing plus repair the aged window, but you might need to consider new window as well based on how many on that wall. then drywall and any other infrastructure that needs to be done on that wall: electric plumbing, etc. that affected wall had plumbing so new code dictated double wall with insulation on outer most wall which added additional cost. termite damage went as high as the roof truss and I needed to replace a beam, but luckily above the bottom beam was the only affected area.