Hey guys,Here is a link to a video and some pictures of a property that my partner and I are considering to sell.Rental Property Pics and VidsIt seems like the property itself is a total rehab.Problem is, the community this property is in is a rental community, not a fix and flip community.Judging by what you see in this video and the pictures, what do you think the repair cost would be to make this house acceptable just to be rented out?

They also have a 15 year fixed. 

These products usually move a little more slowly than a fixed asset so they can be great fail safe identifications for a 45 day identification list.The biggest obstacles to these in general are unrealistic investor expectation of return in the wholely owned sector. 

Commercial loans are available with 30 year terms and amortization with the rate fixed for the first 3 or 5 years. 

The one that I am looking at has quite a few 70’s model MHs one that I have my eye on is rentable as is but would like to fix it up a little before renting.

You will have to fly to another state at least three times, you will have to pay attorney three times, you will have three roofs to fix, the list goes on.

so long story short, I had an A/C leak... got the leak fixed but the water that cane out got under the floors.. the tenant put in the request to my PM and my PM’s flooring contractor estimated a total of $1900...

So we could do a fix/flip loan and then rehab and fill with tenants and sell to first time investor or similar for a solid property or we could hold for a year, collect some income and tax incentives/write offs and then refi a year later?  

The buyer if my duplex had asked torepair the overhang on the roof, and fix the outside staircase so the bank would approve his loan.  

Long Term Option would be the best bet since the repairs aren't really for a major value add Loan Amount 187k Rate 6.7% (Depending on credit score) Origination 1.5 to 3 points30 Years Amortized 3 to 5 year fixed