Value is being added to the deal but rehabbing the cosmetics of the house, kitchen, bath, paint, and floors.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Springfield.

Purchase price: $240,000

Cash invested: $200,000

Remodeled the house, all doors 3ft wide, added a wheelchair ...

If they want to put money towards the purchase, they can set it aside and save it as they will need money for a down payment and closing costs when the time comes.

Purchase price: $450,000 Cash invested: $450,000 bought a run down mis managed 16 unit property, with my investors, for $450,000 Rehabbing units as they become available and increasing NOI.

Hey Eric, Where it the property and what is the purchase price and rehab budget you are looking at?

Rehabbed it What was the outcome?

The rental yield is strong due to a growing population, a diverse job market, and a relatively lower cost of living compared to other major Florida cities.

Only way around it is a cost segregation study which most investors rarely do for residential RE on a small scale. 

I’ve bought properties with no contingencies before but only at a steeply discounted price, and only because I was planning to fully rehab them anyway. 

It depends on what ind of rehabs you're looking at.