Kirkpatrick has been nice for me due to their ability as both a portfolio lender as well as conventional (of the loan gets sold its picked up by their sister bank in Tulsa who are small and easy to work with)

Will this impact my ability to get financing?

However, when buying a turn-key property, you have the ability to find a new property manager, if you're isn't performing.

Just imagine the person you talked to giving a half-*** explanation of it all to the other person in the decision without you're ability to clarify things for them.

Seller had been in the house since 1997 so had ample equity - he just didn't have the financial or emotional ability to get the house in sale condition.

Purchase price: $149,000 Cash invested: $44,000 Sale price: $280,000 Seller had been in the house since 1997 ample equity - he didn't have the financial or emotional ability to get the house in sale condition.

Having said that, the ways in which you can structure these deals are only limited by your imagination and your ability to communicate the structure on the company Operating Agreement. 

If you are willing to over pay for it, you are accepting the risks based on your knowledge and ability to increase the performance of the property.

You'll get a bill for that much if even the unit is vacant.

I did this once, however I had the ability to slide it on from below, which most applications couldn’t do.Last fix I can think of quickly would be to get someone to wrap it in aluminum.