But do not count on the extra cash for closing costs or rehab.The lenders are now giving their 80% LTV (or 75%) of the sale price OR appraised value WHICHEVER IS LOWER for investment properties.My best advice is to go check with the bank first: ask these questions, get pre-approved, know your financial limits, etc.

All Cash, Do you have an extra cup of coffee?

I would like go through the approvals/permitting process myself rather than land lease to an outdoor media company.Is this going to be completely impossible or can it be done?

Even if you need a little extra on top of what you get from the proceeds of the lots you should easily be able to get a bank to do a loan at such a low LTV even if your DTI ratios are a little high.

We have all the estimates for the repairs (had to show that to the judge before he gave us the extension); will get the permit this afternoon and the roofer should begin first of next week.

If the frame is good, you might find someone that will pay extra for it after you strip the rest off.As to seven foot ceilings...you need to see what your local codes say.

However, as I said before it is smart taking extra care when you go behind other people's closed doors.Typerider - fyi, baseball bat is about all you're allowed in the People's Republic of Cook County.

It was schedule to begin foreclosure on April 1st but has been given a little extra life by the owner.

However, I don't want to get bogged down with "needless" permits.In your opinion what are the most important permits?

So if you already have rental properties under a managment company, let the management company handle your 32 extra properties until you can sell.