That's where I'd focus my exterior budget - good gutters, good lighting, fresh paint, and flower pots (or equivalent landscaping) flanking the entry.

I also thought that once fixed and cleaned up with a new paint job, older rental houses would command about the same rents as equivalent-sized newer housesAccording to HUD (Housing and Urban Development), about 500,000, lower income rental units are disappearing in this country annually.

Either get Buildium (or equivalent) and manage each property as an owner operator, or jump through the hoops of getting your real estate license.

The agent posed that we offer a price equivalent to the cost of land and maybe the roof.

So in theory what might seem like a huge payment in today's dollars might be equivalent to pocket change or a cup of coffee in a decade or two due to inflation.

Submittal and review costs should be available on some sort of "Development Fee Schedule" which is publicly available, and if you cannot find it online then go down to the City's Planning Department and ask to talk with someone in Development Services (or local equivalent).  

My understanding is that Mr Fulop has tried to make it easier for owners to become Airbnb (or an equivalent) hosts.  

So 75% loan to cost is equivalent to something like the 80% LTV ratio with a conventional mortgage I assume?

A collection attorney would be equivalent to having the boarded with a servicer as the attorney attempts to collect.

If you do want deals to close on time and reliably, with happy homebuyers that will send you future business, then we (or, rather, you and your local equivalent of me) should talk.Also, you make more than I do per deal.