Ideally, I'd like for the deed to eventually be in my name.

Also - think of the BiggerPockets as the ideal Mentor.

The person I deal with is very nice, but she says the underwriters just don't feel timely customer service is in their job description.

Ideally I would have 1 worksheet for each proprety.

t rent it.I ended up getting a skilled tradesman in each house.one guy is an actual house builder that hit bad times during the recession the other guy works with his father installing and remodeling bathrooms and kitchens.both these guys came signed the lease on the first tenant I allowed him to move in with security plus 200.00the difference was the paint and drywall repair and cabinets stained and house cleaned. that I would have paid someone else to do out of pocket which I didnt have.gettting that money allowed me to take care of a 350 plumbing problem and a furnace issue that came upthe other house the guy moved in for security plus 300 for the first two months less than half the actual rent because he is going to do all the painting and the bathroom remodelsome drywall repair and hang ceiling fans.he is working alongside my contractor and my contractor has now gotten a new partner and he has okayed this guy to do the workall things worked out.and now my two houses have some capable people in them who wont come crying everytime there is a minor problemI know this isnt the ideal way to do business but I sort of started out over extended.

I looked at a house to day it was huge very nice on the in side.it home movie theater many bath rooms and a lot of bed rooms mater bed room has his and her sinks basement has plenty of room for more bed rooms. all rooms are finished. 3 car garage pool and separate fenced in back yard and lots of land around the home included. the home has tons more. the down side is that the basement is finished and has mold in a lot of the hall ways and rooms. there is evidence that they home is being upgraded since a lot of new stuff has been installed but the mold might kill the deal of anyone looking to purchase it. the home was listed for over a million dollars last year but now is going for 422000 i believe it is bank owned how do i go about contracting this home then finding a buyer willing to pay that price with the mold issue and all. its a steal i think and if i had the money to but my self to live in it i would. is it a wholesalers dream deal or am i out of my league when it comes to finding a buyer for it since it might be bank owned.

Ideally, one would look at the estimated cost for essential repairs such as demo, drywall, paint, floor prep, electrical and plumbing, etc., and then choose cabinets, countertops, and flooring based on what remains in the budget.

Our ideal situation would be a property we can acquire at 85% or less FMV that does not need major rehabing.

It's not a terrible way to move forward, but it's not ideal either.

It's probably further away than ideal, and usually nice residence houses don't make particularly good rentals.Less transaction costs it's pretty much the same question that you're facing, just asked backwards.