With the above mentioned I am wondering if it would be best for me to buy a single family home to live in and rehab cosmetic items within the first year and then sell it within 1-2 years and use the profits for a down payment on an owner occupied property.

I then sent the photos to Clayton to give him a heads-up about the extensive work still needed to be done and he again assured that the work could get underway once his crew "have legal ability to get into he house, we'll address the remaining items that need fixing and get it done."

So instant post rehab equity is definitely a line item we include when presenting an opportunity to investors.   

Prior to our conversation I was leaning towards what I thought was close to accurate or even aggressive instead of planning for the worst and hoping for the best. 

The damage was an insurance item, but the appliance repairs were not.

Did you have a conversation with the woman regarding the eviction?

Additionally I think this whole conversation just highlights how absurd ground rent is in the 21st century.

Have you itemized out the rehab costs somewhere else, or are you just estimating $40K total?

I’ve been curious as to why Oklahoma City doesn’t usually appear in these conversations.

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