Bear in mind, you will save a considerable amount if you are able to do the work on your own.If your not comfortable making a call on the ARV, just ask an agent.

I live in Sherman Oaks but down to meet wherever like minded investors.

I am looking to connect with like-minded people that have similar goals and aspirations as I do to push and motivate me to achieve my goals.Please feel free to reach out, if you are in the Twin Cities area, I would love to connect and network!

The elimination of the mortgage payment (added CF in your mind) isn't enough to cover the out of pocket cost to you.  

I'd advise getting hooked up with a local agent soon to start getting a feel for pricing in the metro (I have a recommendation if you'd like), but keep in mind that listings drop like a rock in the Oct.

Bear in mind, these are usually short-term loans and you will need to sell or refinance with a traditional lender once the repairs are complete, depending on your strategy.

For locals, I tell them never mind your $8K PITI take what you can get buy you a peace of mind.  

Finding an honest property manager to look after it would be the sort of experiment in futility the Nazis devised to see how thoroughly minds could be broken.

Would you guys mind giving me your advice as to how I should go about charging the utilities for the basement unit?

I sublease instead of writing a new lease because I have lost some control in the process in that the new tenant B must be acceptable to the remaining tenant so I must keep that in mind during the process.