I would like to speak with someone regarding current market trends and a valuation of my rental in current condition vs rehabbed condition.I also would like to chat with any other investors in the area and hear their opinion on the current market and direction and as-is sale vs rehabbed.Thank you,James 

This is in relation to developing a rough plan for a property during the first walkthrough.What specific areas of a home/building should one be on the lookout for when it comes to estimating rehab costs and determining the condition of the property? 

The problem is that the theater was in very bad condition.

Its pretty tough wholesaling houses that are in great condition.  

Thanks Todd, that's exactly what I'm doing, actually an opportunity just presented that might solve my issues, is a 3 flat in a decent area in Chicago, it needs some work and has only one tenant, the owner has passed and I might be able to pick it up for $260K cash, is in great condition and only needs cosmetic work.

I've been looking for houses for about 8 months. 1999 Market was on fire I put down several offers on homes people would come in with cash offers and get the property or there was a huge line of offer prior to mine.My aunt actually found the house that was for sale by owner.It wasn't in the best condition but I knew I could do the work and fix it up and turn a profit on it and it sure bet renting.

Installment note terms:Principal sum today: $1.05mInterest rate: 5.1% for the life of the loanAmortization: 25 years (so about 22 years left)Prepayment penalty year 1 (this year) - 5%Prepayment penalty year 2 - 4%Prepayment penalty year 3 - 3%Prepayment penalty year 4-8- 1%One and only balloon of $26K due December 1, 2019.Simple due on sale clause.

FHA mortgage insurance is for the life of the loan.

Have a property I’m looking at probably just getting to a decent rental condition.

After research and discussion with the city - The property is CBD now, was R1 prior, and in this city a duplex is OK for R1 under a conditional use permit....