It's bed enough us wholesalers can barely get sellers to trust us.

I've noticed on the MLS and craigslist that there seems to be a pretty good supply of 3 bed 2 bath housing (which we need for our family) in the $230,000-270,000 list price range in the Riverside area, which sounds perfect as we want to put around $12,500 down (possibly FHA 3.5-5% down).

It's a building with 2 commercial businesses in the lower level that rent one for $450 a month the other is only open 3months a year and only pay $1800 a year as well as one apartment three bed 2 1/2 bath 1700 ft.² but then there is eight apartments upstairs all one bedrooms but only three are rented out at 300 per month and one is 200 per month all the other units need remodeled before they are able to be rentable just trying to find the best way to do the numbers on this project The lady has had the building for about 30 years and she does month to month leases so it's hard to go off of income per year as well as expenses any help is appreciated I have more numbers for sizes of stuff if needed to help analyze this project

I spent the whole day sitting on a couch a friend gave me, watching a TV that was sitting on the floor.That used couch was the only furniture I had, other than a mattress in the bedroom, that also sat on the floor and a $15 computer desk I bought at Kmart.

The numbers first:Purchase Price: $430,000 (Auction) (3 Normal Bed, 1 Master, 2 Full Baths, 1 Master Bath, Pool, Cathedral Living Room Ceiling, Attached 2 car Garage, Swimming Pool, 3500sqft on 1 acre)Outstanding Town Liens: $94,000 (I knew this as this was announced at auction.

Figure out what they want (e.g. 3 bed, 2 bath, built after 1980, light cosmetics only, less than $100,000 purchase and rehab)Step 3.

Then I decided to try a local furniture rental place - Aaron's in my case and they provided a dining room set, living room set with couch, coffee table, end tables and lamps along with a bed and dresser for $380/month - including delivery sand setup.Was it worth it?

Hold- it's a 7 bed in a student town so I would be using it as a student rental..cash flow potential look's promising..3) How much money do you have at your disposal?

I am not a designer but have remodeled primary residence couple of times and recently renovated one of the units of our rental that get 2900 rent (2 bed 1.5 bath) in San Jose.I think the counters are the easiest.

Many are the 50k-70k, 3 bed 1 bath and rent well for $450-$600 with a little a bit of polish.