We painted exterior/interior, installed Stainless Steel Appliances, New kitchen/bathroom/light/door fixtures, crown Molding and Kitchen Backsplash.ExteriorNew Exterior paint, carpentry/masonry repairs, new community/gym room, New landscaping, driveway fixes, plumbing leaks repairs, new pool resurfacing, new roofs where needed, water heater replacements, new water softeners and security systems.Property ManagementUpon takeover, the property occupancy dropped from 89% to 77% within 2 months.

Contact a broker or look in Scotsman Guide to find an appropriate lender.Check your costs on the bridge loan to see if you aren't better getting a fixed loan on the free and clear property and adding an equity line of credit after repairs are complete or refinance. 

Your realtor will run comparables of other similar homes in the area to see how much you should really pay, and will go to bat for you to negotiate repairs, closing costs, etc to get the best deal possible.

The way I understand the new tax law is that HELOC interest is only deductible when used to build on to, or make repairs to one's primary or secondary residence.

Buy the house you want to F&F for cash keeping the money aside for repair.

This is without accounting for repairs, vacancy or a PM.

One of my buildings had $4,000 in repairs before I bought it and I told the seller that they needed to handle it (fully expecting them to only do half and leave half for me).

So the longer she stays, the longer i have before i need to go repair it all.

I was envisioning searching out inexpensive properties, travelling to them, staying in the area until repairs and renos were complete, selling or renting, then moving on to another property.Any information or ideas on how we could accomplish this vision would be greatly appreciated.Thank you.John

Some of the shingles were actually in need of repair, so our contractors had to remove and replace them or reinforce them.