Please forgive me for interpreting things incorrectly given our previous correspondence Bill.I always use the soft sell approach with the folks that express interest in our fund.

Hi Folks, Is anyone using Freedom soft?

I can read music, play all brass, can pick out a tune on most anything with strings, woody's too but oboe is hard and can beat the skins as well, and sing bass, can't hit the high ones anymore, LOL, it was just an example. ;)

Make a soft pass on just one of the properties and watch how he reacts.

Inland Empire which Riverside is a part of is more susceptible to getting variable interest - residential performing better today, industrial hot today and always hot, while office is soft.

The raceway actually serves as a ground and all I had to do is to bond the switches or receptacles to the boxes with a pigtail and that's all I need to do.However, one has to be very careful and make sure there is continuity all the way back to the panel, all it takes is for one modification by an ignorant home owner twenty years ago and disconnected something and use a section of NM/MC/BX or even some PVC conduit or smurf tubes and created discontinuity and you have to hunt that down.Besides electrical, the other thing that scares me a little is a tanked water heater with a T&P valve with a 3/4" outlet but connecting to an old 3/8" or even 1/4" soft copper tubing that goes UP then behind the wall and no idea where it comes out or if it does at all...yikes.

Your soft costs including finance charges, real estate taxes, utilities and insurance start to add up in eating away your profits, the longer you hold the house.

A similar, commonly used metric, the loan-to-value ratio, compares the amount of the loan to the fair-market value of the project.Plus you have hard cost and soft cost.

@Felix Badillo The numbers you used are definitely doable in the midwest if you are talking about leveraging (financing), but be sure you include realistic numbers in your projections for soft costs - vacancy & maintenance; and don't just accept the proformas from the provider.

Total construction estimates could be as much as $16,000 before we have even had a true estimate on a potential foundation repair (bricks are soft and crumbling in a few places).