Summary of expensesNOICap Rate Condition of the building systems  

Appreciation, maintenance, neighborhood, eviction rate, proximity, condition, etc.

Generally, lenders base their refinance valuations on the property’s in-place income and existing condition, not future projections.

I've never had to use hard money before, so I am not sure what type of conditions are reasonable.

This has been the first true 1% rule home that we have seen in awhile, and it is priced so well due to the condition of the property.

There is also a provision in the promissory note that states in the event of default, we must deliver the property back in the same or better condition from the time of purchase. 2: We will deed the property back to the seller & execute a contract for deed.

My guess is that our situation is different; different end goals, W2 income, home prices, market conditions, strategies, etc... but I can share my journey and what I look for in my current market along with prices. 

There are conditions that must be met.Also, I believe the taxes are higher in Richland County than Lexington County, but I don't like there, so I don't have personal experience with that.

@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.

And just so you know, here are some of the factors an agent will look at to figure that out:Market Conditions: If the market is slower, going all in on staging can make your home look move-in ready and attractive to buyers who may otherwise be hesitant.