Here’s some of the numbers I’ve been getting:Demo: 6500 + Dumpsters (395/40yd probably need 3 40’s)Roof: 6910 (real bid, replace some sheathing, repair penetrations, repair gutter, spray entire roof with 100% silicone roofing sealant (the white stuff that’s UV reflective).Tuckpointing: 4500 (back wall of property about 5’ wide and the entire 2 stories needs tuckpointing)Plans: 5000Permits: 2000Framing: 27000 (this I think is insane, but hard to tell without knowing what walls need to be moved/reframed) What’s a good cost on framing in St.

Friendly on the phone?

We haven't done much direct mailing recently in San Antonio but in the past we did and one thing the I always remember from the phone calls that is totally different from the Houston market is that in SA a lot of people told us either: "I would sell my house if I had somewhere to go" and we also got a lot of "I'm going to die here in my house and none of my neighbors will sell 'cause they feel the same way.

With that said, I believe we are at a 6.5 cap.There is also a 4k expense for repairs-other.

This allows you to force appreciation thru the repairs/upgrade to Fair Market Value condition (Rent ready). 

Then I would manage and repair all the work it needed while it is bringing in the cash. 

Generally that works but it may be owned by an entity without a phone number.

Interested to hear ideas regarding how to structure a partnership correctly so it is win/win for both sides.We are young and able to act as the "boots on the ground" to handle all the day to day operations of the property, including management/tenant issues/repairs/etc but we lack the necessary capital to get into some of the deals we want.

I know a good baseline in determining your MAO is by using the formula MAO = (ARV x Investor Discount) - Repairs -Closing Cost - Assignment Fee.

Asking for leases, rent roll, applications of current tenants, maintenance/repair requests/invoices.