Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

No, refinancing isn’t an option because of how we purchased the property.

Hey Patrick - we are targeting more sophisticated investors who will appreciate our approach to help them drive NOI margin and make informed buy/sell decisions.  

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

Thank you for that information Peter.

I would greatly appreciate any guidance or experiences you can share to help me make an informed decision.

@Aristotle Kumpis thank you for the information!

You might be somewhere in the 85% of purchase range without an exception. 

This left the remaining roommate in a difficult situation, and he is now trying to find a new roommate.I have informed both tenants that they are equally bound to the 12-month lease agreement and that rent must be paid in full, regardless of one tenant moving out.

On top of that, once the check-out date arrives, the TV will automatically erase all the login information, making it ready for the next guests arrival.