For me I look at all the factors to include all those listed above in response to include time and stress.

Not-so-common problems include a rusted out water supply line (requires digging up the yard), burst pipes ($1000 tops) or various leaks in stacks and drains (allocate $300 for buttoning these up.)

I never want to experience the stress and worry she went through during that time.

Some banks might (I stress might) look over your personal financial situation as a courtesy.In regards to the 18 months...the project rehab and lease up period might take this long when factoring in seasoning.

I know most here deal with all kinds of stress in our lives, so I had to share this funny story.Last night I was taking to a potential private money lender, a sweet old widow, and she was finally at the point of committing.

This went on for several months while we attributed it to our stress from school/late nights/etc. after I started to have trouble breathing, I started to do research.

I have been stressing out over this for months and just want some advice on what you would do in this situation, what you may have done in the past or what the best thing to do here would be.Thank you guys so much!

Hi Stephen,I have done this on residential properties here in California and unlike most Rehab's it is a lot more intensive on the construction side of things.Most people are fearful of this but you really shouldn't be, Find yourself a good General Contractor and run repair cost numbers. sometimes the owners are willing to let go of the property at a heavy discounted price due to the damage and the stress associated with rebuilding.Cheers,Paul

Has saved us a lot of heartache and stress.

From the website, you can click the monitor topic button at the top of the thread and you will be notified when someone posts in it.