Most traditional mortgage financing today ultimately comes from Fannie Mae and Freddie Mac, so lenders underwrite to those guidelines.

Do you just figure a flat figure that covers a traditional renovation (i.e. new floors, paint, appliances, cabinets, counters, baths etc.)? 

We would repay the loan as soon as the title becomes marketable.We can't get a traditional loan because there is no title to loan against and same goes for "Hard Money Loans".

One traditional product is shellac; there are other things that also work well.Something to consider - it only takes a little more work to get a tip-top job.

You could always do the first few with traditional financing.

They will pay a premium rent; but, the use has been historically been associated with non-traditional retailing.

Hi Arthur Garcia,I see you are a buy and hold guy, and I coach Lease Option Assignments, so I will give it a go.You can get an option to buy on-Sub 2Wrap AITDLease OptionContract for Deedor a Classic Wholesale Option to PurchaseIf you are trying to 1. help a seller sell on terms, instead of a traditional cash sale with an agent, 2. enter into the deal as a principal, 3. cloud the title with a memorandum of option, then 4.

It does not look like a good deal to wholesale - here's why:Average ARV is $440,00070% of that is $308,000subtract the average $8,000 needed in for kitchen repairs and the number is $300,000This tells me you'll have to buy the house for around $300,000 if you wanted to wholesale it the traditional way.Since the $300,000 is a lot less than the $395,000 it's listed for you're probably gonna have a hard time bringing down the price by around 25%

Remember you are a solution to their problem - problem being a house they need to sell, but can't sell through a traditional agent.

Hi @Dave Kay - In my experience if you are getting a traditional residential mortgage, the fact that the building is vacant/occupied/paying/not paying/etc is not that important.