Milena, the beauty of private money loans is that you can negotiate whatever terms make sense for you and the partner.   

As long as your comfortable with your numbers and the sustainability of your cash flow there's nothing wrong with higher equity to get that cash flow.Or the other way with 2 smaller properties like @Peter Mckernan said.That's the beauty of the 1031. 

If it's solid wood, it can be sanded numerous times.....a recent rehab where the floor was thrashed got 3 heavy re-sands, ended up being one of the most beautiful floors anyone had ever seen.Also, I would look at jacking up the center floor a bit while you're at it.

I recommend you read books or (view You Tube)written by IRA Financial founder,Adam Bergman.The beauty of tax free cash flow of 14%+ ConC and no capital gains taxes ever, far outweigh any lost depreciation deductions.

Purchase price: $307,000 Cash invested: $77,000 Nice condo with beautiful wood ceiling and a 22 sqm deck in the heart of Philadelphia!

Many of them are in beautiful and safe rural areas, and yet there is insufficient demand for them.

As always just my opinion and not written by Ai That is the beauty of real estate.

I believe most would agree this is a more complexed transaction than the transactions you are counseling your clients on for $15,000.00.At the end of the day, everyone has a right to their own opinion and the beauty of a free market economy is that everyone can set their own price for their services.  

Closing cost's $, and a seller with half a wit is going to want some kind of representation to know this ya-ho saying there "A CA$H BUYER" isn't working to rip em off.

Look at the high end rentals in the area are they near desirable amenities, do they have beautiful yards or amazing views.