So now you have a total of 3.5 hours at $65 (cost to the PM owner) plus $12 for the special light bulb.

Residential usually the sellers are not savvy enough to go this route and usually just want their check at closing.In the end it all boils down to finding the deals.... thats not easy.

I think supplying the market with decent places to live at affordable prices is never a bad strategy.  

Ended up getting an offer at asking, but the appraisal came in way lower than I expected.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

This is what they provided in an email:Our team has a fixer-upper located at 103 Tropic Ct, Fort Pierce, FL 34946This Fort Pierce home consists of 3 bd/ 2 ba/ 1,342 sqft of living space on a 7,469 sqft lot. - Investment Duration: 30days (Investment + ROI in full)- Return on Investment: 45%- Purchased Price: $150,000- Rehab Cost: $30,500- ARV: $240,000- Minimum Investment: $30,500- Maximum Investment: $30,500- End Buyer Escrow Commitment: 20%Rehab Cost BreakdownRehab Cost Breakdown1.

Additionally, many properties on MLS in need of rehab are in C-/D class neighborhoods which I have no interest in living/owning in (at least starting off). 

It didn't sell at auction, so not sure what they ended up doing with it....maybe tried again later or put it up OTC. 

Look at the pictures to evaluate the quality of the materials and workmanship of the comparable sales and align your ARV accordingly. 

They try to hit that goal and have been successful at that, he told me.