The comps in the area have all been under 40K except for a few outliers, and the property needs cosmetic upgrades.

The tools that were purchased were solely used to complete such projects.The costs I incurred before I purchased the property such as inspections and etc would be expensed since I did not own the property at the time and was a routine business expense while investigating/inspecting properties?

So I found a triplex that seems like it might be a good first property--new windows, roof, and paint, but it could still use some minor cosmetic repairs on the inside, which, after completed, I'm fairly confident that I could raise the rents on two of the units by at least $50-$75.

It is great, has very little “routine” maintenance (no yard to mow/water, no parking to plow, brick so no painting…) and vacancies are very few and far between and re-rent with little effort as it is in one of the higher demand areas in the city.

Last summer, the routine was once a week I would go fishing in the morning before work and listen to the new podcast. 

In your position, I would assume that it had a shoddy, cosmetic rehab and use the inspection to prove myself wrong.Sorry, but I have a pretty low opinion of most inspectors.

.- agents commission- closing costs- price reduction- sellers concessions- holding costs of paying mortgage and costs monthly- clean up costs and cosmetic improvements to sellThen I would make her feel safe and offer a Quit Claim deed in case you do not pay the underlying lien.Is this an ARM or a Fixed note?

Before you leave for work in the morning, follow a 15 minute routine to make bed, quick clean the bathroom, kitchen sink and clutter you missed the night before.

The craziest part is the assessed value of the property is the same as comparable properties with a much bigger lot (this was a split lot) and have garages (which most people rent out in this neighborhood to contractors and small time handymen for extra income)I really like the property, it has all updated windows, siding and a fairly new roof and utilities.The units are very well maintained but also dated (80s styling)I would not mind putting a few thousand into cosmetics, but with the taxes assessed i wouldnt want them going up significantly.How would I go about getting the property reassessed?

So I have this lead who owes 283k on a vacant home thats comped with a conservative ARV of 350K. needs about 25k in cosmetic repairs (over estimating it to be safe). 4,300 sq ft, 4 bd 4.5 bath, in ground pool, hot tub, fancy stuff but some leak caused mold on the ground floor, some professional quoted him 5k to clean up.The point is he wants 290k and the margins are too small to wholesale. naturally i think how can i get this to work via seller financing since the % equity is relatively small.