Likely VERY dated but functional and would likely pass municipal health and safety inspectionsB : Somewhat dated, but cosmetically nice.

It is currently under renovation, which will allow for a more functional a productive office space for our employees, and a conference room for team and client meetings.

For example, the amount of labor cost for selections management (the person helping to choose materials that will function together) was only estimated at few hundred dollars, but it's added up to over six grand since they've been billing me dozens of hours at a time at $50 per hour. 

There are both conventional and FHA renovation loan options, and they function somewhat similarly to your 'standard' loans.

I personally love using the "map nearby homes for sale" function and adjusting the filters to view sold homes in the immediate neighborhood (not 1-2 miles away) with similar square footage, layout, and interior upgrades your aiming for.

For max cash out without restrictions / conditions - 180 days.The main drawbacks would be marginally higher rates (50-75 bps higher), always some kind of prepayment penalty, and because the asset is the primary function of the loan - a non-cash flowing property (maybe lux or bad market) may not qualify.

In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors

Aloha,You "just" need to look at everything to make sure it is 1) complete 2) functional 3) secure 4) exposed surfaces appropriately painted/covered 5) not leaking (the single most critical issue to look for!

Many investors have a subconscious bias that everything functions the way it does in his or her home state.

@Jill F.From a functional standpoint have you ever seen this before?