Over the last 17 yrs, most of my advertising and loan closings have been in PBC, Broward and Dade.With that said, 90% of Mortgage Brokers, including my friends who are Mortgage Brokers, with the except of a few, are just as lost in space as a typical Bank of America loan officer and realtor.

I typically use $30/sq.ft to estimate fix up costs.

And typically lenders like working with 1031 investors because of the static nature of their exchange proceeds.  

You may have to pay an equity partner a higher yield and/or share ownership, which is not typically the case with bank regular bank mortgages, HELs/HELOCs or hard-money loans, so there's a second disadvantage.   

In general, rate pricing on IHDA is more competitive, typically by .25% to .50%. 

To bring the building to rent ready at your standard, you need to spend a lot of money. typically you will be spending around 10k per door to get a reasonable standard including HVAC etc. 

It's full of dings, dents, scratches (I live in South Philly, nothing but street parking), missing a hub cap, and its in "crap gold" color.

They have some really wonderful colors/styles, tile has came a loooooong way and is really great now!   

Typically the leases are worded as "Starting on____and ending on ____ with M2M option after end of lease term"Let me know your thoughts or if I'm being too confusing with what I need to accomplish!

I typically like to add value by doing about $7,500 each building, $15,000 (dependent on viewing this weekend).