Many can fund 100% of purchase and repairs, but the norm would be 70% ARV up to 80-90% of total project cost.

A lot of contractors cannot float or front money for any length of time and this will become an issue as you progress in the project if the GC is strapped for cash.Overall if you can get a lender, HUD consultant, and GC that have worked together on numerous deals together, your project has a much better chance of going smoother when you are in the rehab phase. 

Check with the local planning dept to make sure zoning is current/correct, no major construction projects are coming, and that no plans for inverse condemnation are in the works. 

If it does come on the market, it will be picked over and most likely sold before you ever see or hear about it.  3) All the brokers around that come across MF projects end up making a few calls - and the deal gets done. 

I do need to grow my income without cutting down on the amount he pays me, so will need to figure out how to 1.) take on new non-competing projects that 2.) doesn't interfere with my hours at the contractor, as it is a stable paycheck.

$45,000 PURCHASE PRICEPurchase Closing Costs$2,300.00Estimated Repairs$55,000.00Total Project Cost$102,300.00After Repair Value$130,000.00AcquisitionDown Payment$0 ($37300 surplus)Loan Amount$82,300.00Loan Points/Fees$0.00Loan Interest Rate9.000%Monthly Interest$617.25Total Cash Needed At Purchase$20,000.00Thanks,George

. $5000 in cash is not going to be enough, on it's own, to do a rehab project with hard money.

Over a year on the restoration project and we are still unable to find good contractors and keep reverting to our property management team at Icon.Icon is a very decent property management company.We pulled out of Kalamazoo with our investment money last year because price influx was too high and didn' warrant income or Cash flow back to us anymore.  

We invest in San Antonio for buy and holds, but I'm always looking for projects to invest in. 

I try to buy on ACTUAL numbers, not a pro forma that illustrates projected operations.