As you can imagine the rents received upon rehab will determine the forced appreciation and future cash flow.If you bought this house and upon rehab the rent will be minimal then I do not think it was a good buy for the work involved.

I will keep you posted regarding the progress of my project. yes my job will be a full rehab ..I can imagine knocking down some walls to open up space looking for a more modern layout ..moving electricity, refinishing/putting new flooring, gutting kitchen, new cabinets, counter tops, full paint outside/inside ..possible new deck, yard, possible cosmetics in the basement (new carpet, finish walls etc) ...properties selling for under 50K in my area are needing all that ..I hope I will not discover too much while opening walls. most of those houses are winterized with no utilities running ..so once I switch electricity/gas/water on ..lets see if the thing will not fall apart ;-)

Like Bill said, I would imagine that they would have no problems if the money was already sitting there in escrow with the closing agent.

I imagine that the likelier it is I get three college kids the more beneficial the solid wood floors will be.

Not everyone is capable of looking at a unit that is a mess with boxes everywhere and imagining what it looks like with their own stuff as easily as with a vacant clean space.

I imagine that must not be the norm. 

I was just imagining they've be more motivated write a new loan against it than another bank. 

I imagine they are easily googled. 

I can't imagine where you are locating these lenders @Ashley Parker.

Imagine how I would be HELPING those homeowners out of a troubling situation, like mine.