Before that, I helped remodel 2 different properties start to finish mainly doing carpentry and finish work.  

I've remodeled a house next to a well maintained cemetery and it did take quite a bit longer to sell compared to other properties in the neighborhood.

I have met dozens of investors and my exploded my knowledge of rehabbing and remodeling homes.  

I don't have the money at this moment to buy the property and remodeled it.

I work full time job and handle my 4 units myself, maintenance management remodel, you would not believe how many people that have told me they used to have rental property and got rid of them, to much hassle, never made money, etc. 

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.  

I don't think so. in my opinion none of this is even necessary. they bought the house for $9300 and they don't strike me as the sort that will put anything into a remodeling budget, so why not be honest and straight forward.  

I also know a bit about project management, so if we decide to do a more major remodel on an investment, I can properly plan it out and keep it in check.I just wanted to introduce myself and say hello to everyone.  

It is a 2 bd brick ranch, newly tenanted, newly remodeled, in a good neighborhood.Thanks,Aneita

But for the past year and a half, my wife and I have been remodeling our duplex - our first "deal" - and I'm doing all of the work myself to make the "numbers" work.