Every individual property is in a seperate LLC and as broke as possible, this limits the liability should something go wrong (lawsuit) at any one property.

i look forward to networking and am excited to absorb the knowledge from such helpful individuals that know the business - hopefully, i can offer help myself while i progress in this business and work to get out of corporate america as soon as possible!

What's it going to cost; what are the rents; what would it cost to convert, including the accessible aspect since you have no choice; and what would the new rents be.Jon

We painted the cabinets, filled tons of chips, changed the doors by custom ordering them for the customer in their choice of design by a company we have an account with that has them made in Mexico for about 30% american cost, painted sink, also the appliances in professional grade metalic stainless paint, painted floor tile in a high solids porcelain urethane white after an aerospace use type primer and a high solids chemically hardened chear coat, and matched the backsplash the same way.

I have no idea of what the individual wants for the building, but I was wondering if the same rules apply when looking at a 1-4 unit building as compared to a 12 unit apt building.ie 50% and 2% rules.

I could see bringing out a contractor to provide estimates if a) I were going to go through on the deal and use that contractor from time to time; or b) was looking at properties individually and had time to go look at each one and bring a contractor out.

If you do this you may want to get an attorney of her choice involved and an appraisal on the property as you do not want someone coming back on you for equity stripping or taking advantage of someone "old and in distress"

Assuming the individual completed an application at some point, be sure to keep it!

Right now the mortgage companies don't really have a choice.

If you're in the flipping game, you've got no choice.