This doesn't look like a great candidate for this type of repair.I would seal the sides with some more concrete or an exterior type of caulk.  

I've been leaning toward condo to lighten the load on exterior maintenance.thanks,Bob

As an extreme example, if the 2% rule is all you care about, then why not just invest in Detroit where you can probably get a 5% rule property – if, that is, you can actually collect the rent, keep the property occupied as opposed to vandalized, and not get mugged.

Here is what our contractor said in response to the insurance company:" If the adjuster would have pushed on the walls he would have noticed the exterior walls were water damaged so bad that they are not even attached to the structure.

Great stuff thank you for posting.It would be great if all new members of BP who want to wholesale were always directed to threads like this as opposed to continually being told wholesaling is how to get into the biz. and make a living.

So if you take money from 3 passive investors and give them TIC interest (as opposed to an LLC interest), that is a security.  

Kerry Baird Did you mean live in the property 2 of the last 10 years as opposed to hold?

Partial kitchen, one bathroom gut, one partial bathroom, full bed and living cosmetics, and light exterior work..."

If you are going to use the projected GSI for when the rehab is complete, shouldn't you also use the ARV of the home for your numerator as opposed to the purchase price?

In theory, wouldn't someone in danger of losing their house/needing money trust a branded piece of mail offering a solution as opposed to a "hand-written" one?