Purchase price: $200,000 Cash invested: $100,000 Sale price: $449,000 Complete renovation of 4 bedroom, 2 full bathroom, Craftsman Cape Cod style home What made you interested in investing in this type of deal?

I want the low down payment style loan such as an FHA or a Home Possible loan.

Can't beat the location if you want the true SoCal life style. 

Does her writing style remind you of another account you've seen?

I am just completely shocked that this house was mortgaged under a USDA FHA or VA style loan and they were able to obtain occupancy and a loan without having a class H inspection.

We have some rotted floor boards on the front porch of a craftsman style home in Michigan that we have rented for the past four years and in June we are getting new tenants.

@Perry Farella do you have to live in the properties to use these style of loans you’re talking about??

Each room I charged the same rent rate for and rent covered all utilities.Kitchen: Fridge space was a little bit of a challenge, but it was more-so cleaning it out... we pooled food (split the bill) but all of us were the same eating style and one of our roommates directly benefited from us cooking his meals.

I have different rules of thumb for that state, that type of house, and the types of tennis shoes I use in that location.and if someone else were going to do the exact same rehab, but with different contractors, different finishes, different contractor management style and different negotiating skill, that $25,000 wouldn't be accurate for them.That's what I mean by it being possible to have shortcuts and rules of thumb, but being very specific to you and the types of houses you look at.

@Craig Curelop I’m looking at either a single family home or row home style.