A trustworthy agent is a great resourceTypically, if you buy something like a duplex rent, the other unit out and your mortgage payment difference is what it would cost for you to rent that place or less the deal is worth it.This is also factoring in renovation, capital expenditure, etc.Good luck!

Meanwhile I received call from insurance saying some adjuster will visit to check eligibility for coverage and I asked restoration guy about expenses he said you will get it after work but suggested not to worry as it wouldn’t cost more .

I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.

No, material costs sit nearly identical.

Sewer problems can be quite costly. 

We financed the Mount Zion Blvd deal using Partner Driven's capital, covering the $165,000 purchase price and $25,000 in repair costs.

They can at least give you an idea as to the cost and time involved in a process. 

Personally I’d sell, if the capital gains after selling costs exceed $80k I’d consider a 1031.

Here’s what you can expect:100% Financing: We cover the entire cost of the deal, removing a significant barrier for many investors.Rehab Management: We manage the rehab process to ensure the work is done correctly and on time.Mentorship: You get access to mentorship from experienced investors, which can be a game-changer.My ExperienceI’ve seen firsthand the positive impact our program has on our partners.

So then basically you are buying the land for 400k, then demo (whatever that cost is) and the build new.