There are 4 Universities in town plus the Air Force and summer seems to be prime move in time.  

I have a couple different business plan/models, one for flipping and one for cash flow and I make adjustments to them whether class A/B and then for C/D properties.

You'd just need to make it a short loan term so you could force the sale if you needed to.What you've done is taken title. 

Manager lives on-site.Ok, those are the things that are positive about the home and community.Now for the things I feel would need to be added/completed/renovated before ready for sale or rent:New gutters - ~$800Laminate flooring in kitchen and bathrooms to match entire house - estimated $500Stove/Oven - ~$600Fridge - $700W/D (optional) - $600Window in master bedroom - $200Ceiling fan in master bedroom - $200Kitchen sink - $200Redo all door trim/paint all doors/rehang, replace or adjust a few doors - ~$500 (just a guess)Add small door to water heater closet ~$100New master bathtub - ~$8003-4 panels of skirting need to be replaced - $ (no idea) but estimating $200Ramp/Stairs/Deck leading to front door needs to be replaced - $1000Landscaping in front - $200Cleaning entire home to make ready for sale - $200I'd like to get a foundation specialist to look under the home (free)Roofing specialist to talk to me about the metal roof (free)I need to ask her about the furnace (forced air) and its age and working condition.I need to factor in about three months of lot rent (at $375 per month) for the renovations to be completed - $1125And I'd like to have $1000 set aside for unexpected rehab expensesGRAND TOTAL = $8925This would mean that our negotiations to the seller would start at $11,075.First, are these figures anywhere close to realistic?

Your ground lease is in force for the sixty five years base all your numbers on the lease taking in account cost of living increases built into the lease  the only danger is what happens at lease expiration or if the owners sell the land You could be in for a steep increase sixty five years for now or have a buy out offer form the new owners in case of a sale As i said before get a copy of the ground lease, and the rents rolls for the tenants and run it by an experienced commercial lender No need to worry until you get the facts You have an inside deal which can be the most profitable or might make a good wholesale sceanrio

If you do foreclose on the property you will get all past due payments, late fees, loan charges, attorneys fees, and any forced placed insurance that you may have to put on there.

A few things that really impacted me were the following:I have to read!

I am working on the networking side but few people are interested in joining forces and buying a bigger multifamily.  

(of course we were all for it)* im currently looking to purchase cashsflow deals - preferably multi family i actually have some cash lying around and im looking for a good place to invest. not having a greedcard limits my options for bank financing so ill be paying cash and the area im living at is quite expensive so im forced to look for at options further away. 

I help property owners and small businesses improve energy efficiency, environmental health, and impact on the natural environment.