It may work for buy and hold but it is a very lengthy process so not ideal for flips.

That was a lengthy and costly process.

I hope this wasn't to lengthy and really appreciate any feedback.PS...What are banks saying about lending on a deal like this.

Depends on holding and sales costs....Your gonna pay agents 6% to sell it....so I'd estimate 7%in case you pay for closing fees etc. 7% of 130k is 9k.Sounds like a lengthy repair, plus some time on the market perhaps so I'd plan on 6 months holding time (worst case).

A not so bad and entirely expected worse case would have been a lengthy eviction on top of a mess.In your list you've included nothing for vacancy, and, unless you're very lucky, you will have vacancy.

They would most likely want a bit of down payment and would have a higher rate no doubt.Please post any other questions and I will try to answer as I clear off my plate overdue items that got backed up over the past couple of weeks :)Tony

A bit of a lengthy and loquacious reply, so thanks for reading.

This is lengthy, but I've been enamored with the BP podcast and blog for about a year, so I've built up a few things to talk about.

I'd seek another estimate if that is just for a service upgrade.Unless it is a lengthy underground lateral seems way to hi.Stephen Gallagher Abracadabra Electric

Total debt was approximately $200k.Our research led us to believe that an insurance payout would be a lengthy, complicated process with a potential fight with the insurance company.