I would actually prefer the renovation is baked into the loan amount, so that I can quickly renovate and raise rents.

Thanks Frank for the quick and enlightening reply.

Would you happen to have any resources that quickly come to mind on how one can maximize the cashflow potential of a rental property?

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out the BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

If it need $25-30,000 worth of work your profit is dropping quick.

We don't know what we can commit to you as our schedule is quickly filling, but we do want to help!

There are many reasons both buyer and seller would agree to a subject to the existing mortgage transaction.By doing so, a home sold and off their hands more quickly in a more affordable manner and we are able to give them top dollar and in some cases even more than the asking price.

It's like a get rich quick scheme and I fear that it is predatory in nature.  

I am glad I was able to find that great price on the architectural shingles and my guys were able get it done quickly, I think it looks 100 times better than the 3 tab shingles and will increase the value even more.