Varies... as little as possible :) Feel free to share more details about the deal.

With no detailed scope bids are going to be everywhere.

Although I prefered not to post the details on a public forum, this is the PM I sent to another member.I had 2 Medical Collection accounts that were $100 each.

.- If you plan to resell within 180, expect that the lender’s underwriter will require you to furnish details of the rehab.

What a fascinating story!

(assume that I'd be able to get qualified for the loan and that it would be "reasonable" to be able to pay back the 40K in the time specified)after re-reading, i assume the investor would need to be a lienholder from the beginner under any circumstance...but is that even possible, or would I have to buy the house "with" the investor, which i'd rather not do...also, do not dwell upon the legal details of the arrangement, i have people that I could do this with on a verbal contract not to mention a seperate written contract that protected their investment+interest in the event I sold the property for a gain...I'm much more concerned about the actual numbers/percentages and how realistic this proposition is from an investment standpoint, not a legal one..

I feel like I could get $700 in rent but more than that would surprise me.Here's a link to the listing: http://www.realtor.com/realestateandhomes-detail/403-Elm-St_Clarksburg_WV_26301_M48739-27767

(Notice there is no space between the @ and the name) Thanks again, I'd love more details as your project moves along so keep us informed :DManuel

This was a key detail that the agent should have updated immediately Just remember for future reference to get everything in writing.

Daniel, no matter what lender you use for the 3rd, they will be asking you that question, as the loan will come up in a credit check, and you will probably be asked to explain all your investment property loans and reserves in detail.