The property is fully rented, albeit at lower than market values.  

For example, one of my typical whole house rehab budget sheets will be in the 5 to 6 page range, with SKY level detail to follow the rough fixture budgets.

We are both buyers and private lenders (our own funds) on lower $ ARV SFR properties throughout the U.S. 

As an agent  I want the license mainly to lower fees for flipping, transaction education/experience, networking, and mls access, etc.

My goal is either to lower my interest rate which will help lower my mortgage payment which helps in increasing my monthly profits or pulling equity to make improvements to the rental and invest in other investment properties.

Keep in mind the shorter the term, higher the interest, lower LTV, higher borrower credit, strong pay history, all add up to higher resale.

As far as how much it's worth, of course they are offering lower than expected.

Vacancy, capex and repair budgets are significantly lower in condos than other types of properties.

I am in the DC market and right now I am not buying because all entry level homes in good or not so good condition are going for market rates and I scratch my head to see how some people are making $ without cutting corners on the rehab.

If you would like to know more about me and determine if I am able to provide you with the comfort level you need to move forward you can visit my website at charlesweberconsulting.com.