In today's competitive real estate market, having modern amenities can set your property apart, making it more attractive to a wider audience.

(It’s multi-family but not entirely stabilized.)Rehab Costs: How much should I budget for bringing vacant units to market-ready condition?

The rest of 2024 and early 2025 will likely reveal more about how different segments of the market adapt to these unique conditions.

Almost nobody in the Upper Peninsula has air conditioning though so maybe can save money on just doing a new furnace and not a full HVAC, we'll see.  

But yeah, I see how the asking price and condition are making things tricky.For loans, you’re already on the right track with the 203k and Fannie Mae HomeStyle loans.

Because there is tons of competition for flat fee brokers for as little as $99.

I think because it's so competitive to survive in California, and being accustomed to high prices, they view the rest of the country as opportunity. 

Creative terms can make your offer stand out, especially in competitive markets.Build RapportPeople are more likely to work with those they like and trust.

For flips, calculate the after-repair value (ARV) and subtract purchase, rehab, holding, and selling costs.Pay attention to location, rental demand, and the property’s condition.

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.