He has many many RI ventures, including casinos.

I've heard 60% ARV is a good deal for rehabs nowadays if I can convince them; so $210k?

I too have seen carpet around 16-17 a square yard nowadays.

You are in what i call the "casino effect".

Your plan isn't perfect, but whos is nowadays.

I've been getting leads and talking to sellers for close to two months now and many of them have Free & Clear properties.If the asking price is too close to the ARV, my choice is always to talk them to seller finance the property.I've being told by other experienced investors that buyers nowadays don't have huge down payments.

Unfortunately after we bought our second rental every one of us moved to other countries (myself I moved to China) due to work commitment and we got stuck with 2 rentals which in the past 5 years miraculously we managed it remotely.The reason I found this website is that I went to an exhibition in Macau (note I was on vacation there and after a few days casino did some sightseeing and ended up there) where a company was advertising investment opportunities in the US.

If they're pulling 1k out at the casino atm every month or 2, probably not your guy.

Here, two layers are legal, but I'd never do it, nowadays you want (and its code in a lot of places) to use Ice & Water shield under the shingles in some areas, and that needs bare sheathing.

@Joel: As with a lot of markets nowadays, there is quite a lot of saturation.