Redefine Properties are set to construct the former Standard Bank Center into a green building.

I also use a standard Agreement of Purchase and Sale instead of an Option Agreement so he does that for me too.

@yoann mamy randriamihaja The FHA inspector is approximately $1,000 versus the normal $300-400, permit costs will be out of pocket, and closing costs can run $1,000-$2,500 over standard closing.  

Planning on no money down 15yr loan at 6%This deal passes the standard rules of thumb: 2%, 50%, 70% It fits my strategy of not wanting a bunch of debt long-term  (I could pay this off pretty quick)I have some other(3-4bedroom) houses nearby that stay occupied.  

I plan to have an estoppel agreement and standard inspections done during the due diligence period.

So, don't compromise on your standards.

They often attract a poorer quality tenant and usually having a lower standard for tenant screening and tenant behavior..........thereby creating slums.It's so true that someone will call you a slumlord (often behind your back) pretty much no matter how nice your rentals.

I thought CR was standard.

Just always ensure the property fits your strategy and meets your standard baseline criteria (roof, mechanicals, bones, neighborhood, interior, rental market of area, and desired CAP.) 

So mostly, Norman, Moore, SW & NW sides.It also depends on your renovation contracting company on how much they would charge you to get the property up to rental standards