An estimate for repairs is in the $15-30k range.

There are a couple of new sub divisions breaking ground here which will result in approximately 200 new homes in the $175K - $225K range.

Upon a sale, the amounts received from this deal would eat into the exclusion.9) The appreciation rights of the investor and the note could be sold off to other investors if either party got impatient.10) A maximum LTV on mortgages on the property in the range of 60% could be established to reduce the likelihood that the seller gets behind and does a short sale that wipes out the investor.11) If this arrangement might cause a problem for the homeowner when refinancing or taking out a HELOC, the investor could agree that the investor's interest is subordinated.Benefits: The homeowner's net worth is less concentrated in Silicon Valley single family home performance, and the investor gets a leveraged return on an asset that has potential to appreciate at faster than the rate of inflation.

Redding has much more reasonable rents, therefore; the allowance offered by insurance companies seem to be sufficient for the market, so far anyway. 

There are a couple of new sub divisions breaking ground here which will result in approximately 200 new homes in the $175K - $225K range.

@Brandon Bolinger  My agent states the same thing, alot of this has to do with the local housing stock, which is very old, and the fact that single family houses sell for more $/ft2 (in my area its in the 10-20% range). 

I have had Medicaid question the sale of a house retrospectively, questioning the sale price because we bought below FMV, however, a letter explaining the price based on the “as is” condition of the house and the expenses required for renovate to get the house to FMV was sufficient.

 Targeting 3-9 deals within a $100K-$500K price range over the next 18-24 months.  

I opened my LLC in June and just got my first deal for the entity under contract.DetailsPP $46,900Rehab <$20,000ARV $105,000Rental Range $825-$875Monthly Operating Expenses $311.17Paid Cash and will open a LOC once rented and appraised. 

Rents are a little lower ranging from $900-$1600 depending on the town.