I'm assuming the property hasn't been updated in 30-40 years based on the comment about 1960's style interior.

I think this is the best and most conservative way to value short-term assets, such as inventory.For my internal management decisions, I value all assets exactly as Jason does - estimated market value minus expected cost of sale.

It is considered a very desirable area of town to live in let alone rent in.I know it needs some minor interior stuff; carpet, paint, maybe cabinets, and 1 bath needs some drywall and mechanicals.

My suntrust lender told me that don't have their own internal guidelines on less than 90 day flips they just follow HUD guideleins.

I have a real estate partner who is very investor friendly (carries an international lisence and does REO's) and I would be happy to introduce you to him if your interested?

to add to this discussion, my agent's wife owns an interior design firm, and i have considered making signs that would give her advertising, but also enhance the property...a sign such as "Renovation just completed by Ashley J Designs" or something like that...something to stand out from the pack

I purchase and stage cheaper, but trendy furniture (IKEA, whole house for $500-the renter gets to keep it and I get to channel my inner interior designer).

Information included in each listing is typical of what you would find online on your computer (address, taxes, estimated mortgage, square feet, lot size, year built, listing number and agent, property description, interior/exterior features, neighborhood and school, similar recently sold, etc).

Also keep in mind that if the exterior is in bad shape, you'll want to focus on that first, as a bad roof, bad gutters, bad siding, etc will allow the elements to continue to destroy the interior until they are repaired...

Almost finished with a BA in Sports Management, not sure if I want to go straight to grad school or not.Could anyone use an intern??