LTV varies as to types of properties from portfolio lenders, an SBA loan may go to 80% on an office warehouse, it may be 60% on a mom and pop dairy queen, it might be 70% for light industrial and combined loan to values, as with purchase money second mortgages may exceed 80%.

I'm sure someone here with experience could shine a light on this particular subject?

Even in a light rehab $130k is too much to pay for that when you figure all of the other costs associated with flipping a house.

Its a 1945 story and a half house with slanted 2n't floor ceilings and no attic.You can see most new tape joints as they are soggy, all lights filled up with water, outlets had water dribbling out of them, even basement had plenty of water dripping into it.

It's Tapestry Beige, which is very light and neutral.

Just trying to shed more light than is typically shown.Bill, the ball is in your court.

Here's our Rehab checklist- Kitchen;  Bath; Electric; Lighting; Plumbing; Roofing; Curb Appeal; Flooring; Walls & Ceilings; Mechanical Systems; Doors & Windows; code violationsOur numbers checklist- Taxes, ARV, HOA, Rental Income

Thanks James.Just waiting for the green light for the finance.

I thought of how at every Carol of the Lights he gets booed by thousands of people, while the other services on campus get cheered.

As I stated, my intent in posting was to bring to light potential issues, not debate anyone specifically.I can not post cases and or codes, and how ther apply to the discussion, as that would be giving legal advise, and I tried to express that with no avail.I do get frustrated when a client gets into a situation as a result of trying some "creative deal," learned from an Internet course.So, on with a civil discussion...