A to top things off the fees are very reasonable and no points.

Highly unlikely your mortgages will be at the top of this list if you have other debt.

There is fantastic information on this site and I look forward to learning from everyone.

The owners were losing this property and a couple of other ones.I ran the comps and realized the other ocean front condos were still selling for at top price but this one the owner was willing to let go for his balance owed, almost .50 on the dollar.

I also highly recommend listening to all of the podcasts - they are fantastic!

I had the carpet pulled and the walls and ceiling washed down (the guy used bleach which I questioned but worked great), primed with Cover Stain, and top coated with Behr Ultra paint.

I think the days of table top LC/CD are behind us given court law and sue happy mentality.

As for rents the top would be a 3bd 1 bath unit renting for $1,300 and the basement after remodel would a 1 bed 1 bath with an open floor plan renting for $900.

. * $2.8/sqft(material/labor) = $1831.20 I rounded to $1850 just cause it's a nice number.Okay, now here is my numbers that I was happy with when I finished:Total Flooring: $3,650Appliances (Fridge, Stove, Dishwasher) = $2,200Paint interior/exterior= $6,000Kitchen Cabinets/Granite Tops = $4,500Fixtures = $1,500Doors w/hardware 9 = $7653 toilets = $300Bath 1 Vanity = $200Bath 2 Vanity = $650MST Bath Vanity = $950Cabinet Hardware, Electrical Covers, Vent Screens, etc = $750Heat Furnace = $1,400Water Heater = $400Refridge A/C = $5,000Slider Closet Doors (3) = $285Misc. $1,000TOTAL = $29,550After I get this number, I add 10-12% to it.

I feel it is a ok deal, but not fantastic.