Absolutely, BPOs are common and usually the preferred method to get value quickly, but of course there is still cost associated.

I would actually prefer the renovation is baked into the loan amount, so that I can quickly renovate and raise rents.

Thanks Frank for the quick and enlightening reply.

Would you happen to have any resources that quickly come to mind on how one can maximize the cashflow potential of a rental property?

I bought it all cash, and below you'll see the details:List Price: $60,000Purchase Price: $51,500Wholesale fee: $4,000Closing costs: $1,083Gross Rent/Month: $300Lease term: 10 yearsCoC Return: 6.4%Again, not the most attractive numbers, but the tradeoff is that the property management company will deal with tenants and maintenance, and I'll have constant flow of cash for the next 10 years.

If it need $25-30,000 worth of work your profit is dropping quick.

We don't know what we can commit to you as our schedule is quickly filling, but we do want to help!

There are many reasons both buyer and seller would agree to a subject to the existing mortgage transaction.By doing so, a home sold and off their hands more quickly in a more affordable manner and we are able to give them top dollar and in some cases even more than the asking price.

It's like a get rich quick scheme and I fear that it is predatory in nature.  

I am glad I was able to find that great price on the architectural shingles and my guys were able get it done quickly, I think it looks 100 times better than the 3 tab shingles and will increase the value even more.