If you manage it and screw something up, you'll cost him a lot of money and you'll lose the friendship.

Partner Driven financed the Church St deal using its own capital, covering the $190,000 purchase price and $60,000 in renovation costs.

This would offer you the lowest out of pocket cost.

Everyone seems to talk about including the costs of the new mortgage, taxes, insurance, maintenance & capital reserves, and the vacancy projections when looking at realistic cashflow, which we already do for all the properties in our rental portfolio.But we, like many, cant find properties that are making any cashflow sense right now.

My tenant has been living in the condo for over a year and is out of the hospital and back at the condo.The new outside fire door costs over 3000 USD.  

Because for the financial impact of a project to be less than 20k is bad once you wrap up all costs. 

The buyer wanted to double close so that was an additional cost.

It's the most important document you have as a tool to increase revenue, reduce costs and liabilities, and be able to enforce the way you do business with tenants.

If you want to wholesale and learn about rehab costs and acquisition, find the best wholesaler in your area, who is reputable (hard to find), and see what you can do for them.Don't try to do it on your own.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!