Quote from @Devin James: We’ve slowly been improving our homes the more we’ve built and the more feedback we get from our Buyers2021 – Added 8ft doors throughout the home2022 – Added a new elevation with stone in the front of the home2023 – NO carpet in the bedrooms, LVP throughout the home2024 – Added hurricane impact windows & new color options2025 – Adding Ceiling FansGotta be open to feedback and adjust accordinglyThis can be the difference of your home sitting on the market for 4 months vs 1 month where's the modifications and pictures?

I am going to demolition the home rather than rebuild it because the costs is well above my insurance settlement. 

Do you understand the added complexity, work involved, and costs? 

to save costs, and responses sometimes took weeks.

@Kayenta Saucier - I wouldn't say it is a great deal or a bad deal.A lot of us still try to use the following equation.Maximum offer = ARV * 0.7 - repair costs.  

No evictions within the last year.b.

With no renovations required, we leveraged market demand to quickly resell the property the same day for $85,000.

Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.

The reason I ask is at that rent point there is no profit on a sustained hold.   

During due diligence the seller also replaced the water heater and agreed to an additional $5,000 seller credit at closing.After crediting the commission and seller credit the final purchase price including closing costs came out to just over $190k.