This caused me issues & delays with the refinancing not to mention if I had just wanted to hold the properties without mortgages and the lender died I would have had major issues.

@Manny Cirino it obviously sounds like a procuring cause case....and you should entitled to the commission in the contract plus you have an expiration clause....might be worth it to legally receive your due commish!!

I've positioned myself defensively and offensively with diversified streams of investment incomes with hopefully enough margin of safety to weather the next crisis whatever the cause.

If you actually managed to get the rents your hoping for then 260k but I wouldn't put my money on it.6) your insurance is going to be closer to 2500-3000k7) i very highly doubt you will get a 30 yr note on this property.8) you might as well factor replacing in the roof into your purchase price cause It will need to be done immediately9) I think your capex allocation is super high, especially if you plan on doing the rehab correctly upfront.

It sounds like you are looking for someone that has experience working with investors, maybe even is an investor themselves, that can help you find some properties that aren't a tear down, but also aren't priced just under retail cause all they need is some cosmetic fixes, right?

Look for carpenter bee holes in wood and termite damage.

A three bedroom duplex which has caused us continual headaches with squatters and is supposedly finally empty waiting for a renovation estimate.

New fans, new duct work, new dryer vent, new flooring, some new cabinets, electrical work, mold damage, sheetrock and texturing, sewage pipe broke in front yard from tree root (replaced pipe), leaking faucets (replaced), etc...

No water damage from tenants so bottoms (inside) are good.

In the past, we have been very forgiving with damages that people cause.