It's like running with weighted shoes!

They will probably cost more than a contractor that doesn’t know the city like that, but they’ll be worth their weight in gold.

@Anthony Wick @Andrew Boettcher Chris,Pursuant to our conversation I am sending this email to confirm I am accepting a good faith deposit for $250.00 to hold 616 Connecticut Ave 48067 for a monthly rental of $1695, there will be no additional monthly charge for your dog and there is no weight or size restriction.Your security deposit will be 1.5 times the rent in addition to the first month's rent due at time of move in or before, once you sign the lease when we know the exact date, I will require an additional amount towards your security deposit, probably another $250 and balance at time of move in for the security deposit.

The 246% is based on the forced appreciation ($1.5mm - $1.7mm) by completing a 27 unit rehab and increase to market rents ($25 more than current weighted average).

Location receives a lot of weight. 

My view is that the weight of the floor is distributed among all of the bricks not just one.

However, I would weight that cost against what you would be saving in that added layer of liability protection.You should have known prior to closing that the lender wouldn't have closed in the LLC, especially if you were getting a conventional mortgage.

Good tenants are worth their weight in gold so if you must pass on both and wait for a 3rd, 4th, 5th, 6th, and 7th applicant that meets your criteria, do it. 

I like Pre-Foreclosures simply because of the weight being lifted off someones shoulders is the main part for me looking into these deals.

I cant stand the pitch guy for the software but it is worth its weight in gold for finding cash buyers and funds.