We haven't received any push back from the marketplace on our post-renovation rents, so we recently increased them another $30 on average. 6 more are currently being renovated.Here is a graph from last month's reporting showing NOI since we took over. 

Steven,Look at all the macroeconomic data for Bend at:  http://www.zillow.com/bend-or/home-values/pay attention to the historical medium home price graph.  

The nature of a 203K is that the contractor must float the materials and labor to specific milestones to get paid. 

Another milestone reached!

@Greg Rand Would you be able to pull a graph like this on other areas that werent so impacted by the bubble?  

@Lavish Edwards Congratulations on such a big milestone!

Since you want to evict and not foreclose, structure the transaction in such a way so your tenant buyer cannot ever reach either 5 years or 20%, but has to completely cash you out before either of those milestones are reached.

When your GC is on the phone asking about something you can both be looking at the same reference.Set key milestones - post demo, reframing, etc, etc and make sure you are there to sign off before it moves to the next stage.Only you will have your vision and best interests in mind.Good Luck.

I am looking for a good real estate investment analysis software.I would like one that easily shows changes to holding term, different loan scenarios, down payment/LTV.I would like to see IRR and also Return on Equity.I would like to find one that has some graph capability - to use in seminars - something that can show something a little more interesting than strictly spreadsheets.Suggestions?

Many of us understand at certain times in the beginning you have to do your own work to get started, build cash and equity You have passed that milestone a long time back.