Legitimate lenders may charge a small application fee (around $250) to verify you’re serious, but if someone’s asking for thousands with no real intention of closing, that’s a huge red flag.On a more positive note, there are creative financing approaches out there.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

You can use the "website" button in my signature below to set up a day/time that works for you.

That’ll help you figure out the best type of funding to use.It sounds like you’re in a great position to make this flip work!

This is a good opportunity in a strong market, and with your excellent credit and HELOC funds, you’re in a great position to make this project happen.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I do direct booking through the Houfy website, taking credit card payment by Square. 

The state website can also be very informative. 

I have first hand experience as an investor which has been positive. 

Know this (found on every inspection website):  You should be concerned about cracks in your home if they are large, appear suddenly, or are located in certain areas.