Suggestion:- 30% down on purchase/renovation costs (minimum)- 8.5 - 9.5% interest rate- 15 year am"It's just like a contractor doing a job.I can go out and find someone quick to paint my apartment unit for 500 OR I can take some time to find a painter that I can get to work for 75.00 a unit that does a good job.I believe finance is the same way in that there is a bunch of money wanting to lend at rates and conditions that are not attractive to a buyer.So you have to find a lender willing to take less than the majority so you have an advantage.A question I have thought about is would you target one really wealthy investor or a bunch of smaller loan investors??

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Woodard argued that the president of the corporation had personally inspected the apartment, knew that there were young children living in the apartment, saw the young children himself with his own eyes and that they were living amongst numerous areas of peeling, chipping and flaking paint and yet he personally failed to take the reasonable and appropriate steps to remedy these defective conditions.

Personally, I completely renovate most of my properties, so it really doesn't matter to me what condition the house is in...I'm going to be replacing most everything anyway.Again, I can't speak for others, but that's my experience.Now, if you find a home with structural issue (or perhaps serious moisure/mold issues), that may be a great opportunity to bring in a licensed engineer or specialist to diagnose the issue and outline a solution.

My first question would be why BK and not closer to homesecond question would be HOA related, cost, assessments, condition of property, not just your specific unit, but the grounds as well, parking lot repavement could mean a huge assessment shortly.

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However, they only paid $600/mo. at their last place so I'm not sure if they will be able to keep this up.Then one of the two remaining tenants sent me an email hinting indirectly about what would happen to the security deposit if they had to move out before the end of the lease.I am thinking of two options:1) telling them I will let them out of the lease early if they stay at least until January 1st (so I don't have to deal with the holiday vacancy problem) and stay current on the rent until then, and I will give them back the deposit if the place is in broom clean, undamaged condition, as per the lease.2) lower the rent to $800 to keep them there (I haven't had any real issues with the two remaining people, and they are taking good care of the place).

Would it make sense to stretch out the rehab timeline a bit rather than have the house sit empty, either in its unrenovated or renovated condition?

Any insurance claims for damages to the property were settled when the property was restored to full operating condition....Not always.

The deal for the guy in California will be completely different from us that are in the midwest.I used to watch Flip This House, and it amazed me when they showed the flippers in California, they would buy a 3 bed 1 bath 900 sq ft house in horrible condition for $250,000 and then sell it fixed up for $400,000!