His background is different, meaning - he's not a building/contractor guy by education or professional training. 

I am just going  to  fix  the place up let them rent if they are good tenants continue to rent. 

Lol**************************************************************************************Fresh Reports Of Real Estate Rage Signal Turn In Chinese Housing Market by Tyler Durden Mon, 10/01/2018 The developer had slashed prices by one-third and homebuyers who purchased days or weeks responded by smashing up the sales office.According to public information, Beijing, Shanghai, Nanjing, Ningbo and other places have continued to reduce prices and defend their rights.

Since an appraisal is based primarily on comparable sales, and the most recent sale is the one on the property in question, the appraisal usually comes out at the purchase price.appraiserAn individual qualified by education, training, and experience to estimate the value of real property and personal property.

Usually, you continue to pay the preferred return until you sell, unless you have "debt investors", in which case, you will pay a fixed interest rate for a set number of years, and at the end of the term, you owe them all of their capital (which you do through a refinance, supplemental loan, or sell.).Acquisition fees and asset management fees are also typical.

Have 3 different general contractors walk through and give you estimates on what needs to be done, and what their price would be then make an educated decision based on the numbers.Also, if the is how youre describing it you can work that price down closer to 120.Good luck!

But you'll also need the connection, education and tolerance to perform to my standards. 

They focus on mobile home parks and have solid educational content on their website.Mobile Home Park Investors - http://mobilehomeparkinvestors.com - This is the LinkedIn group led by Jefferson Lilly.

Some of those things are:- who directs the work- how are they paid (per job vs Hourly/Daily/Monthly)- do they work for others- is there a contract in placeThe list continues and varies based on who is checking (IRS has different standards compared to Ins. cos.). 

On the flip side if we keep it until the loan matures (8 years) we’ll have a nice nest egg to fall back on assuming the housing market stays in good shape, and it’ll likely continue to appreciate but our cash flow as a percentage of the equity won’t be great.