Repairs: Add a pool ($65K).

Ideally LADWP will prioritize the infrastructure repairs and new service requests to these properties as getting power service in LA can be 6-24 months without project prioritization.

If you buy real estate, you will spend hours and days and weeks and months of your life dealing with it… Home repairs, guests,… An investment really has to be pretty amazing to sacrifice all that time for itThe houses I own I bought many years ago at dirt cheap prices and dirt cheap mortgage rates.

You can get 90% of the future equity, but you do have to have a GC do all of the work for you so you cannot DIY for future repairs. 

This isn't always the case, but in general, I've found Section 8 homes tend to require more frequent minor repairs.

This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due. 

If the age of your equipment is older, or it stops functioning, those repairs can also add up.

Adding the rehab money is standard if the property needs repairs.

Check out these two similar but slightly different ways to do it#1 lump sum payoffs but manual technique using helocs, debt weapons (Credit cards, etc)https://www.youtube.com/watch?

I’d like more information on the DCSR lenders if anyone has specific recommendations.Also, if anyone needs advice or repairs/ replacement on plumbing feel free to send me a message!