This was a story in the local paper.

The absolute maximum required would likely have been 16", but that's for a 3 story building.Getting the rest of the way under the footing is probably the easy part.

@Skip Gilliam,I'm going suggest taking wisdom from both Marcus Auerbach together in addition to reading up on self-directed retirement accounts and business entities known as "IRA LLCs" and "401(k) LLCs".Quick story to explain the thought:One of the folks in my investing group did a gut-rehab on an upscale home as his first project.

Seek out people near you, ask them questions, read their blogs, their stories...Good luck!

Vacation Home, large 2 story 3/2 in excellent condition in the countryside of Torremendo, 20 minutes from the beach on the west coast of Spain.

The only insight/opinion I can impart is that when I was shopping for and eventually bought my house in Q3 2013, it was the same story.

Hi Josh, check your PM ... there's a story for you ... sorry, too many personal details to share in open forum.

It is inspiring to listen to Bigger Pockets and it helps keep me motivated and inspired.

  - purchase price would be 1.5 Million - its 4 stories and requires a gut renovation.Supposing that this is a great deal - how would i finance the 600-700K renovation ?  

(Like a large price drop)  The rent to cost ratio is good but that often doesn't tell the whole story.