If so, then the bank won't need to see any agreement, but you should have one for your own peace of mind and protection.

David,I can certainly empathize with you on the peace of mind of being able to move back.

My strategy is always to have 15% or more ROI but with the peace of mind of having new appliances that should last 10 years does that help offset the lower ROI?

Oak Park IL is a very nice peaceful suburb.

He's expensive as hell (the consult was free), but I don't sweat it because my mind is now at peace, and it's a one time fee.

My goal is to make my offer more attractive and marketable, but more importantly, to make the potential investor feel safe and secure as far as their investment and the risk associated with it.I'd like to be able to show individuals that the ROI that they'd receive with my deal(s) would be far greater than what they're currently receiving from their local bank and to be able to put things in writing for their convenience and peace of mind.I thank everyone in advance and look forward to any and all input.Manuel

@Brent Coombs - yes, we could have waited 6 months and pulled out our rehab costs as well, but there were a couple of reasons we chose not to: this is the first house that we used private funds to purchase and rehab, and as these were funds from individuals we had personal relationships with, I wanted to pay them back as quickly as possible (for my own peace of mind).

Peace!

For people who do this kind of marketing, slow driving a neighborhood, it may help put residents in the area at peace.

versus the additional rent you can earn both from the enlarged lower unit and the enhanced (with a deck) upper unit.