We also find that Apartments.com is a good resource, but you have to get pretty specific in your search really knowing the other assets you are looking at is key.

A pretty pink slip showing that 7k is owed.

100,000k is pretty much all of my business capital and this still is not 20% the banks want.

Pretty simple.....They either catch up the late payments and continue making the monthly payments, sell it or it will get foreclosed. 

I would suspect that you'll see paint peeling and mold pretty quickly after the tenants start using the dryers, in the area around the dryer.

I understand it’s pretty much impossible with today’s banking regulations, but just curious if anyone has pulled it off in the last 5-10 years?

I'm a pretty new landlord and have not come across something like this before. 

I’m pretty excited but the properties I have are well under 100k and some cash buyers that I’ve spoken to say that they want a house that’s between 100k-300k in asking price.

The in-place rents for the cash outlay are pretty low, but that's all relative...the repairs seem excessive...assuming an ARV of $650k and cash out at 70% LTV lands all of your cash back in hand if you do not do the reno...use delayed financing. $525k all in with ARV of $650k changes things quite a bit...you can't pull all your cash back out, but getting $350k back may work...What is your possible appraised value as-is? 

@Jim Macedon Depreciation is pretty complicated.