You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

Purchase price: $57,500 Cash invested: $100 Sale price: $90,000 Small vacant lot, overlooking I-40 on the westside of Nashville How did you find this deal and how did you negotiate it?

Purchase price: $140,000 Cash invested: $24,000 Sale price: $220,000 I knew from the start that I was going to buy this property.

For the HVAC, I'd just question if that's the correct and best way to go about it, but I'm not an expert, but certianly you won't get interest listing a unit for rent or sale without HVAC.

Best wishes on your new opportunity!

This is a difficult sale... finding someone to invest is a difficult sale but asking them to invest for decades is going to be an almost insurmountable sale. 

When I'm looking at potential opportunity, price isn't that big of a factor.

Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!

Realtor.com describes how it works as part of your sale:“It tells the real estate seller you’re in earnest as a buyer . . .

@Charles Kao I believe he means attorney & Title Services that are familiar with non traditional or creative Transfers or Sales of property that don't include Banks.