That should improve your cashflow another $90 a month?

If that is the case you might also have trouble when selling if he doesn't get the proper permits you won't be able to full capitalize on the improvements you make.A HML would work in this case if the ARV really is 220k...but you don't want to have to pay the high points and rate they would charge on that.

I would also utilize some of the great tech tools that are out there, especially virtual flyers and vids syndicated through youtube, yahoo, truveo etc.

.$5000 div by 24 Months = 209.per month.Thats $60 bucks a week.Thats 1 Sat for 8 hours at Wal Mart or Home Depot.In return The Renter - Tenant has a plan to buy the property.Credit is given for the option money, a portion of the monthly rent and for improvements.

I will go with Rob Aaron to improve your credit history first at priority basis...

Another option is to visit foreclosure auctions...I just learned this from youtube.

Also if you can prove with receipts for improvements that are close to the same amount of increase from initial purchase to end user sale...you can often get the lender to waive the seasoning requirement because you are proving why to home went up in value in such a short time.

My husband was a small home improvement contractor - I was a property mgr.

I put a clause in the lease stating all changes and improvements must be approved by the owner in advance and must be removed from the property at lease termination.

Right out of the gate a person should pay down their bad debt, improve their credit score and then save cash.