They won’t wait (nor even try) for the value to rise enough for the LP to recover anything.Bottom line is I think that a large portion of deals that have a loan maturity in the next few years will ultimately result in a wipeout of investor equity if LTVs (at today’s value) are high, unless there is a V shaped recovery in values, which I think is doubtful (but I could certainly be wrong).

Some other factors:- do you need structural steel which you can run into with odd shaped or wide buildings, especially if you're trying to get large clear spans or if you're going up to 5 stories.

This would probably be about $300 in my area to contract out if the walls are otherwise in good shape and there is no trim work.

Purchase price: $28,000 Cash invested: $45,000 Bought this duplex in rough shape and fix them to rent them.

My cleaner shares that they left the place in great shape (so there's that, for which I'm thankful).Have a great week, y'all!

Let them know you won’t be renewing and try to end this on as good of terms as possible in hopes they leave your place in decent shape. 

Learning how to evaluate properties and shaping an agreeable portfolio is.

It cost us a lot of time and money to get it back in shape. 

I think we'll be in good shape then.  

Don’t do typical block shaped lots.