They have to be really, really good (not average, not good enough, and not just filling a spot).

If it's good enough condition that an o-o would even be interested in making an offer, then you're probably not going to get it an investor kind of prices anyway.

Hopefully you can join us at next northern NJ real estate meet up that @Darren Sager has been good enough to organize.RegardsMichael

My plan is to purchase the house subject to the existing financing (I take title and pay sellers loan payments), rehab the house with cash, then refinance and potentially cash out my rehab money if the numbers are good enough.

If it is a good enough deal you can find some investor to fund it or partner with.

Only let them choose from an approved set of finishes/colors, so that if the deal falls through, the choices are neutral enough (or good enough) for future buyers; 2.

If you want to maximize investing, try buying 2-4 units again (with a good enough unit for you/family.)

@David RundleDepending on your strategy, and if the property is a good enough deal, you will most likely be able to find a lender who will lend on the acreage only.

Not sure if 3% is good enough unless you get some appreciation of rents and ultimate sale.

I have never heard an excuse good enough on why they take so long.