Brandon Turner saying a quick and dirty way to estimate rehab cost when you do a preliminary analysis is $10k to $12k if it is light rehab, $25k if it need medium rehab, and $50k if it needs a lot of rehab.

For example, the preliminary appraisal for one property for which I paid 54k, , is around 67k, according to one lender running comps.

MySmartMove from BP if they pass preliminary screening process ($40, tenant pays directly).Nobody gets charged anything until it appears they will be a good applicant.

I'd wager that you might be able to get good returns out of there, but on the other hand, I'd be careful of any rent control laws that might kill your return.

The preliminary information I have about the potential seller is that they're seeking to reinvest in a different locale, so looking to dump all properties in location A to reinvest in location B.Some questions I have:Big bank vs small[er] bank vs private lender - who, if any, would be most inclined to view this as a basket for a single mortgage?

Get inside the Seller’s head to understand their motivations so you can craft your offer to meet their needs.Step 4: Preliminary Due Diligence and Analyzing the Deal.

But more bedrooms give a lot more flexibility.I don't know what the market is, but I'd wager a 5/2 is almost always going to have more value than a 4/3.But again, that's just my opinion.

Just the costs of setting up a room, bringing the plumbing, gas, electric (I believe commercial machines run on 250 volts, which likely isn't wired in yet), having someone on-call to fix them whenever they break, might require too much capital.But:I'd wager I'm not telling you anything you didn't already know!

While using tax benefits of the loss, yes, I would still save some money compared to renting / buying, but that seems like a dangerous wager to me given that the depreciation taxes will be recouped by the feds if I decide to sell and THAT could end up costing me way more than I ever actually made on the property.

When all is said and done I'd wager that employing this strategy would net even less than just buying a multi-unit to start with.