I may try to whittle him down another 2 or 3 k after the inspection, because I have a serious supsicion the roof was poorly done.We will see.

I have an appointment to inspect it so I will know how much work needs to be done at that time.

Its a commercial policy and they've given me 60 days to get the renovations completed before the underwriters inspection.

The annual inspections that are conducted by the government to assure "habitable" housing make us landlords stay on top of things and make tenants clean up their act.

Before you strike up any deals you should have already built your team of experts (attorney, inspection, lender,etc) that can help you with the purchase.

If and only if the deal passes this initial screening does it merit a closer look.

The acquisition price should be well under 85% if you're going to risk it, closer to 70-75% and your reserves should be sufficient enough to handle at least 6 months.

I do Complete Rehab, water fire, mold damage restoration, mold inspections, (re-builds) drywall, painting, post construction cleaning, carpet installtion and tearouts, new flooring, property management, I have 11 certifications, 2 are Master Certifications.

I'd like to inspect it with my property manager so we can get started timely with what needs to be done with the property to turn it over as quickly as possible once the eviction is finalized.

Here are the ground rules: - You can't be a realtor, attorney, closer, contractor, etc., i.e. someone who makes their money through REI services