lolyou are so damn lucky. the last thing a contractor wants to do is come home to do more of the same work he just did for 10 hrs.also, normally a house in a bad condition attracts bad tenants. hell, i have a fantastic house right now and no applications. yet, it attracts people with a budget of $650 per month.when you have finished the house half ***, you attract half *** tenants. when you get those tenants, they dont care for the house thinking you did not care for it in the first place.i understand that you had no money, so that worked out ok for u. again... my post can be summed up in one word.... lucky.

If neither deal is attractive to me, then I won't make an offer.

This house has boring looking once twisted pieces that are not very attractive.

This will reveal attractively priced properties as soon as they hit the market or are reduced under the threshold over time.

It looks like a very attractive SUB2 but I would be a little weary of this seller/friend and the choices they have made.

If they have cash earning 0% interest; then it will be attractive to them and safe if the LTV is low.

The option of putting 3.5% down with a government loan is attractive, but our monthly payments would be high and we would have interest on 96.5% of the money loaned.

In a class c neighborhood you need to consider that move-out costs are going to be much higher, because it is going to be very difficult to attract a tenant that is going to pay the right amount of deposit.

If so, does this look like a deal that would be attractive to a private lender?

Obviously the rental yield in the Bay Area is not very attractive given all the costs and tenant-friendly law that make management more challenging.