You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

Imagine investing in all new, beautiful finishes, only to discover that the drain pipes are faulty and need to be replaced—an issue that could have been identified and addressed beforehand.

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

How much longer will it take for her to finish he cleaning and painting to her liking, while your losing rental income on the other unit by her essentially occupying 2 units?

Unfortunately, we picked a bad time, because a game just finished, and people were streaming out of Wrigley Field.

Basically, it was a 1980s block shell with a 2024 home inside, when we were finished.

Meaning walking the home, seeing what needs to be done to get rent ready and completely managing it from start to finish?

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

As long as I finish up at the W2 in time to make the trip (usually not a problem), I'll be there.

For me to build I would want to see recent comps of sales for the finished project you are planning.