Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Daniel GregoryA bridge loan is a short-term loan intended to cover the time between selling assets and finalizing a transaction.

There may be some equity that I can tap into depending on the DSR however,  I'm looking to see what other funding options are available to cover construction carrying costs that do not require W2?

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We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

To clarify what was stated and what was done…Example: you bought parcel at “Upset” tax sale. back taxes owed etc min bid was 5000$ to county to cover thier taxes and expenses.. 

If it said the original terms of the lease still applied, then that covers it. 

In my experience, getting financing that covers the cost of rehab can be a game changer.

I wanted to know if anyone has a finders fee agreement they like to use that covers all the bases? 

Purchase price: $350,000 Cash invested: $12,000 We recently purchased a townhouse with a grant that covered nearly $20k for downpayment and closing costs.