BP FriendsWe have closed on our first investment property in Baltimore and can't wait to get started. 2 bedroom 2 bath ((we are adding a bathroom) 1200sqft. 30k cash purchase with a combo of line of credit and private financing.

I would really like to create an option for those seeking a private alternative to hotels, but is this a can of worms?

-Probably have to look at a private money lender for the $25k repair cost...

Example:List Price $124,000ARV $200,000All-in Target $140,000 (70%) Refi Loan amountRehab Estimate $30,000Holding costs $6,000 (Includes PML interest only payment, insurance, utilities)Closing costs $7,000 (Acquisition and Refi closing)Purchase Price $97,000 (MAO) PML loan amountSo in this example you have a Private Loan amount of $97K. 

There is no such thing as privacy.I my case I keep my identity private to avoid the prying eyes of poverty pimps that are regularly monitoring forums looking for tenant rights violations.

Hi Liz, One of the biggest factor in which most of us here would like to know is, how much are you putting in for a down payment?

This is partially due to the fact that the value for these kinds of properties is based on comps (i.e. what an average person is willing to pay for) instead of the income it generates.I don't have any firm data on it in front of me, but I recall reading that the biggest losers in the last crash were folks who focused on SFR.

My biggest hurdle is finding a mentor or someone to partner with on a deal.

I have also encountered some condominium complexes which indicate ventless dryers are required.They biggest problem we have encountered with ventless dryers is (re)educating tenants to think a little differently about how they do laundry.  

In my quick look on zillow and redfin I didn't see anything wrong with the house, my biggest concern would be the Google street view showing the home in its un-rehabbed state along with the neighboring properties.