In his contract, he may have provisions to cure this or to put back himself onto the maker.  

It's not that much more to do this and it makes a HUGE difference in indoor air quality and comfort!

In the mean time, those that are local, and those outside this area with the big pockets, will be both the early profit makers as well as the catalysts for this development.

If you speak directly with a decision maker at a smaller bank, which you likely will when dealing with portfolio products, you will likely learn that in many cases, they will simply rewrite the loan, likely with an interest rate adjustment, and let you keep going provided you have good payment history.  

TL;DR - wholesalers who can't be bothered to even PRETEND to make real cost estimates are lazy and give wholesalers a bad name.

Small regional banks are more open to the idea.By going through Trustee they have direct connection to the decision maker at the bank and many times the bank will go for it since you are bringing the note current and they do not have to have another REO on their hands.

Big bear would have been a better money maker, but we liked arrowhead area much better after visiting some neighborhoods, plus it’s 40 minutes closer. 

Faucets, locks, electrical fixtures.Gross Yearly Rent - 35% = Net Operating Income (NOI)NOI - Operational Expenses* = Cash FlowCash Flow / (Acquisition cost + any make rent ready expenses) = Cash on cash ROI.This is a conservative approach and more than 90% of the rental properties advertised out there will not hit these numbers but if you want to make it right, you have to be conservative.

Asking price is $1,000,000 Below are a few of the details about the facility6 Gin San Self Serve Bays with new electric drying system1 Automatic Drive thru Laser wash 4000-REBUILTWash Select II Auto Teller with cash/credit card acceptanceStandard Change Maker dual change machineGin San Reverse Osmosis “Spot Free” machineWater softners with 2 alternating tanks for production and deliveryAir Compressor6 vacuums,( 3 regular, 2 fragrance combo, 1 carpet shampoo6 drop shelf vendors for product purchasesCompaq PC for credit card processingScanCoin Currency counterSemacon Coin Counter16 channel DVR plus 9 cameras with remote viewing capabilityHonda Power washerFull supply of tools, ladders, etcInventory of spare parts and chemicals,Roadside Marque sign

This is two houses on one property and the house I am looking for help with is the one I will live in, not the rental.The garage was converted years ago into the garage but the cement was just covered with glued on indoor/outdoor carpet.