Due to the market conditions I wanted to have a good amount of equity in the building so I only refi'd 50% of the purchase.

Its market-ready condition and strong local demand made it ideal for a fast, profitable transaction, aligning perfectly with Partner Driven’s strategy of securing high-yield properties in promising locations.

That applies to replacement cost only and only if more $ is needed to restore the home to a pre-loss condition than what is available under coverage A.

What condition is the exterior (siding) in?

Summary of expensesNOICap Rate Condition of the building systems  

I’m back now and looking for some guidance on an idea that caught my attention.An old high school friend of mine has been buying older houses, either renovating or tearing them down and rebuilding, depending on their condition.

I have little confidence in turnkey providers, deals are already hard to come by, if they take another 20% cut before.. much better to buy a property from an owner that is in good condition.

I'm currently corresponding with my property manager to gather information of the condition of the property as well as discuss our next course of action. 

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

It's a range and depends on the property type, location, end condition and rental strategy.