@Mike M.Without more info is hard to give a precise analysis.

@Dave & @Andrew, I haven't contacted my insurance company yet, because I was waiting for that precise next step.

@Nik CorbaxhiJust adding to the precise comment above: important to know conditions: rehab needed?

I may be looking to follow precisely that plan.

Have already set up some keywords, but "powell" would be a better choice, more precise anyway.

Of course there are some legal steps that have to be performed precisely (or the process can take awhile).There is nothing that makes me happier then the shine in someones eye when you agree to finance the property when the banks would not... but at the end of the day, it has to make financial sense for the both of us.Hope this helps!

I'm not sure if these B2R funds operate precisely that way or have made material adjustments to this model.

In fact, if you sat down with them, I would bet they can put an incredibly precise definition on what they are interested in buying and what they aren't interested in buying.

I would factor roof and other capital expenditure to their use life, and you probably come up a more precise no.

If you're wanting a more precise value, look at the expected rents for each unit, factor out reasonable expenses and then compare to the comps that have sold recently in the area.I highly recommend reading Commercial Mortgages 101 to help you break into the world of commercial buying and borrowing: http://www.amazon.com/Commercial-Mortgages-101-Everything-Winning/dp/0814415075/ref=sr_1_1?