Is there significance to this exact number?

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

I am in Florida and that is exactly what I do..I help OOS investors find high profit investment properties. 

I also think of property locations and property conditions having different classifications. 

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Not exactly the answer I was looking for.

Hi Karen;The condition of houses vary greatly in Delavan. 

Evaluating the numbers, lending preferences, property condition, and location will help you make an informed decision that aligns with your investment goals.

The condo-conversion workshop you described sounds like exactly what I need, and I'd love to be introduced! 

I like it, so much I'm doing almost exactly that with a partner.