$100K in renovation is less than $10/sf, which is less than 2.5% of the build costs -- that would get you a fresh coat of paint and some new light fixtures and not much more. 

As beginners in real estate investing, we definitely need to educate ourselves and BiggerPockets definitely delivers. 

Fourth, the fees are in line with the value delivered.

Obtaining financing as a new Portfolio Manager fresh off the streets, down right impossible without some serious assets in the bank to secure the loan.  

In your location I imagine fresh air can be enjoyed much of the year and is an integral part of daily life (unlike middle Georgia where we keep the windows closed 90% of the year).

After I put the RV in the park (I had the seller deliver it to the park), I did the repair work there. 

People are finding opportunities to move back and are returning to the city, moving into the freshly rehabbed historic neighborhoods.

Write up an offer (with contingencies for you to get out if the due diligence or bank financing does not come through) and deliver it to the seller.  

If it was 66% all in fresh then you would have something that might be a no brainer. 

This really the first time that I ran into this before but we have a great house that we did in 2012 that is showing terribly to prospective tenants as the current tenants are filthy and seem to love clutter.We normally have no trouble renting our houses (even with tenants in them) but despite over a dozen showings we haven't had any good bites on this one, just a bunch of comments like 'how can people live like this'.Despite my assurances that the house will be delivered exactly like the photos I sense that people are having a hard time getting past the mess.