I'm probably going to rip out the entire floor and install a vapor barrier + LVP and paint the wood panels to white to brighten the basement. 

Every time a project comes up for us in San Jose, our entire engineering team says no, flat out.

Yes, there are private money lenders who are just looking for flat returns on there money, usually 7-12% annualized, always try to push for differed interest payments and balloon principal and interest once sold.

We handle anything from interior systems (Insulation, Drywall,Taping,Texture & Paint) as well as exterior systems (Roofing Shingles, Flat Torch on Roofing, Siding and Stucco).My ultimate goal is to accumulate multiple real estate properties and of course the wealth and freedom that comes with it.

I'm experienced with buying residential properties and working with lenders but I'm looking at a 6 flat in Illinois and want to make an offer.

BTW as FSBO you will 99.9% have to pay 3% buyers agent and depending on the area and offer 3% (+/-) closing costs contribution to the buyer,  or 6% vs 9% listing with an agent with a prospect of getting higher offer and net to you higher in your pocket.BUT as an experienced investor I would pay $500 (+/-) flat rate MLS listing fee and let MLS push out to all those sites (BTW). 

Raleigh's (RTP) property prices have gone up whilst rents have remained flat.

@Jake Cowley I would suggest going over “terms”, ie color of paint, type of paint, finish (flat, satin, gloss, etc).

A flat fee?

I would change that to a max of 8%.Your repair costs could potentially be reduced to a flat $100/mo depending upon the age of appliances, floors, etc.