Emilio R - I know that there are probably 1,000 other posts here on BP about spec building, but I was just curious (from the generic example above) if you, have found it possible to do spec homes (or have known others) who honestly manage to pull off consistent 30% returns on specs and/flips.Ex: Sales Price $450k ($135k profit) #'s adjust for any area/marketThe reason I ask is because - *in a perfect world* - it seems like a no-brainer business when a 30% return could mean an 80% + cash-on-cash return if the initial equity outlay was a 'respectable' 50% down.In other words, without walking on a thin blade of <=20% down, it seems that incredible returns can be made over and over if given a year's-horizon.

It has some nice ammenities - attached garage, deck, sunroom, decent yard, backs up to a large park.

(he said that was on whoever rented not him and never coddle them or they always want something) Another issue was yard cleanup mowing.....he thought let whoever ends up renting it should handle it I have one guy who will do some mowing for a couple of cans of skoal chewing tobaccoI had to supply mower and take him there and back There were a lot of other issues brought upLike tools and saw blades drill bits lots of little stuffHis major balking point was in the area of wanting to hide fix upsAnd code and permit avoidanceThat lasted awhile I ended up at $22.50 and getting my money plus and signed checks so I can pay afew folks to finish up afew projectsWe didn't get it all gone over but his wife really chewed him out

Also tenant told me over the phone that he left me the keys in the jar on the deck.

I see what looks like piers where the addition meets the deck.

If it is a good deal and he / she does not want to do it, you may want to bite the bullet yourself or split the costs to help get it sold if there are no other buyers on deck.

Well, unless your property is generating about double the cash required to service the loan, your net worth is at least if not more than the amount of the loan and your property will appraise at the price you're paying, you don't stand a chance - not with a traditional lender.In the case of US Bank, they really stacked the deck against me.

Even a change in local management could make a difference as the new person might want to clear the decks given the old manager has taken the career hit.Make offers based on what you want to pay.

They use it so that a borrower can add whatever they want to the house, i.e. add a deck, or update the kitchen.

My designer side really wants to put a deck on the back and add central air etc., but it's a 7hr drive (90 mins by air).