Sounds like a really nice project.

But without knowing how many projects, any other income streams, how many monthly transactions monthly ect...there's no way to say if that's a good price. 

What do you usually have in place before you commence the project? 

On the upside we could recruit paid family help to manage the project. 

If you look at construction world for bigger projects, one of the buzz words is "value engineering."

Any suggestions on where to buy and best way to go about doing this project ?

Previous expenses to get a sense of the history of the maintenance of the project. 

With this strategy, you may be able to cash out your original down payment funds to recycle into the next project.

As well, I have a small new construction condo project and having a really hard time finding funds for it.I did few flips using my own credit and conventional mortgage to finance it but there's certain limitations to these approach as well as rehab cost is not lender's concern.

Options/Advise requested.Looking to purchase an old home with low money down (up to 5%). Home need quite a bit of cosmetic work, most of which I am capable of doing over time. I am trying to avoid an FHA (203K) becaus...