This is an okay fix for now, next step I am looking at checkbook control to increase flexibility. 

Also deciding if you want one that needs work or is fixed already.

A wealthy individual, a group of wealthy individuals, or a hedge fund is lending money, private money to strangers for the purposes of buying distressed, fixing the asset up, and either exiting through sale or refi.Just keep in mind t he relationship between maturity and interest rate. 

There is a cost to that and the potential for having to spend more to fix things up.  

Typically, the adjustments I see on appraisals for basements are more flat rate adjustments. 10k is usually the number I've seen.What stinks is that there are a couple of model types that have below grade space where the builder, I'm sure, was trying to lower the taxes by having it below grade so the county wouldn't count that space in the assessment.

Some great recommendations for vetting a sponsor, the real estate deal and overall business model.

In the past there were other cases with no heta on a Saturday night and we had somebody out to fix that night and get the heat back the same night. 

Specifically:Licensed and Insured Contractors:Strong experience in fix-and-flip projects is preferred.Proven track record for meeting deadlines and staying within budget.Interested in building a long-term working relationship.Real Estate Agents:Knowledgeable about properties in Chattanooga and surrounding areas.Skilled in identifying high ROI opportunities for fix-and-flip projects.Open to partnering with an investor for repeat business.If you or someone you know is a great fit, please comment below or send me a direct message.

With your primary, assuming its a fixed loan, a higher percentage of your payment is going towards principle pay down (less wasted dollars). 

Your offer should be based on your DD and modeling the deal following your investment thesis.