Also, you will need to verify the bearing capacity of the underlying native soils into which you plan to bear the piers.If my assumption(s) is correct, this type of repair could easily run to 50-100K.

Bill Gulley is correct about the agents (many of them) not knowing how to get the client prepared for finance etc.

Steven is correct IF the utilities and Insurance are tied to your Capital Improvements.

The root cause was it was never installed correctly.

I wont let the deal go...Your are also correct Brian Gibbons in the "fake it to you make it" I'll never get good at this stuff if I never get the first one out the way!

The other's are correct, finding flips in OC THAT CAN MAKE A PROFIT is tough.

To follow on Ned Carey he is correct that the asking price is not indicative of the purchase price available.

I just inspected a property yesterday, and got my first real look at it.Here is the information:Asking Price: $15,675On the Market: 79 DaysComparable Comps: 25-35K (I believe this to be a little low right now (The area just a few years ago was roughly 55-65K)Expected Rent: $500 to $600I did not factor in Closing Costs, but I figured a $7,000 bid offer with a contingency for inspection.Since most of my cash will be used up in the initial purchase, I plan on using the property as collateral to secure a personal loan for $12,000 at 7.5% (Not sure if this is too high) over 5 years.I assume that I got the COC correct?

@Jacob Chaney @Wayne Brooks is correct, you will probably need to merge into one lot.

Ky If I remember correctly you are buying a 100 unit in the Carolinas from another post you made.Your attorney who might be well versed in contracts will not have the knowledge that a commercial broker has unless possible they are an investor themselves.Doing contracts is one thing but being in trenches transacting deals is quite another.Is this property currently vacant, 50% occupied, or 100% occupied.