It doesn't have central A/C or heat and a new wall unit would half to be purchased and installed into an existing opening.The only work that needs to be done is cleaning, perhaps some light landscaping, and the purchase and install of the A/C unit mentioned above.

If not, you have 5 years to clean it up.

The closer to average you are the longer your house sitsthe closer to average in price the longer your house sitsthe closer to average in terms of amenities the longer your house sits.You will no doubt rent your place if it is clean and tidy and not more expensive than the restI have found that testing the waters in order to find that perfect balance between interest and rent price is worth the investment in time.If you get too many calls on the first day you are probably renting too lowif you get no calls all week you are too highfind your sweet spot

In other words, even if a wholesale deal in my area even within the 65%ARV less rehab costs criteria, I would not have enough money to acquire and do the work using only the credit line.My question is 2 fold:1) Can I use the business line of credit as a down payment, then get a conventional mortgage like a 203K FHA to purchase and rehab the property. 2) Can I refi out to pay the loan if there is enough equity built into the property when the rehab is done.Not really sure whats an effective way to use this line of credit, if all the wholesale properties in my areas are priced in the 150k range.

Otherwise, based on your price point, clean colors should go a long way vs. the other few homes the potential buyer would see.

Them effectively owning that market does drive up the prices in other ranges.

Property I'm looking at: asking $60k but willing to negotiateCurrently rented for $950/month but tenant will move out earlyNeighborhood is all SFH and primarily owner occupied.3 bed, 1.5 bathHouse is in great condition, big yard, nice deck, appliances and flooring are outdated but clean and in good working order.Here are the 6 month comps on the block.

Very diverse paths but inspiring and effective!

I don't see how it can be a problem because it's two separate closings and one doesn't effect the other.

Consider mortgage payments, insurance payments, maintenance costs (lawn mowing, cleaning, etc.) and multiply them by the number of months the buyer can expect to hold the property for.