ARV – Desired Profit – Closing Costs to Buy – Repairs – 10% of Repairs – Holdings Costs – Concessions – Realtor Fees – Closing Costs to Sell = Your Offer (MAO or Maximum Allowable Offer).ARV: After repaired value or what you think it will sell for once repaired.Desired Profit: This should be taken off the top first.

@Bonnie LowRemoving the stucco and adding new vinyl siding would be the way to go.

I know the business well enough to do so, however I don't have any past deals, so I feel I would have a hard time finding a lender to go through with deals.  

You'll need a partner to go do the normal due diligence.

I'm going to look at the pictures of the property once he gets them to me and I see if it makes sense to go with less.

If you are planning only to rehab and flip to properties, then HML is the fastest way to go.

If you want to get a loan under an LLC you will need to go to banks and get a small business loan.

I really don't want to go to court.

I know it has been called a little/ no money down investement route but I believe that is more to do with marketting costs.The gurus have explained the steps in details such as qualify a TB, but in order to do so don't I have to go a mortgage broker and ask them to carry out the required checks..surely that carries a cost..I would like to understand from someone who has experience the followingwhich professionals need to carry out each stage for both the TB and the seller documentswhat are the ball park prices I need to expect for these services. 

Even in these cases, I stub only if I can't get a screaming deal on the compressor.If these are desirable units that are priced correctly, you will always lose a few prospects because of this, but I have never found I get lower rents because of lack of A/C.