You just put in the info and Blue Hammer will give you an estimate of repairs on that property based on repair costs specific to your area.Now that you have your repair costs figured out, now you can plug that into your formula and see what the numbers look like.

Listen to podcasts, read books, and if you plan to invest in the Netherlands find some resources that speak to that market specifically.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go. 

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.  

We have a somewhat specific wishlist for lending requirements and terms that I will highlight below.

Then, when they're ready to move in, they could convert it to a residence and remodel the house to fit their needs.I hope @Dave Foster and others can provide specifics on implementing this approach, especially when it comes to the long tax arm of California.

Option 2: Electrician recommended mini splits - said 2 units should do the trick and would cost around $6-$7k.Heating system 2 is forced hot air oil furnace specifically for the 3rd unit.

I would ask, when you say real estate, specifically what are you trying to accomplish or do?

It may be similar to other commercial lending options, but it really depends on the type of property and the procedure of the specific lender you're working with.