Good heavy vinyl siding held in place by j channel shouldnt need to be nailed within foot of window, etc.there are ALOT of layers of flashing and considerable cost if you do it Alberts roofing way,,but darn near goof proof.

When I looked at the actual warranty deed, there were eleven properites listed on it, and the consideration was $145k.Any ideas what is going on here?

I am very early in the considerations, so I am not looking for offers, just ideas.I am assuming that since it would likely be a commercial type product the loan would be based on cashflow CAP rates etc rather then my actual materials outlays?

sorry, don't mean to rain on your parade...you may also want to take into consideration that most tankless water heaters require gas line upgrade from 1/2" to 5/8" lines.

Does the amount being shorted, the lender involved or other considerations influence the bank's response?

The seller though has allowed the vacancy to fall considerably and it has been difficult to secure conventional financing.

For Apartments --depending on type of rehab-you always buy at lower price --however--if you plan to get financing --you do projections and add cost -- to purchase price --lender can include the rehab costs -- However, renovations to building or structral repairs --called Improvements --such that it will increas value of property and of course higher rent -- than it is different --it is deffered maintenance - and have to consider based on components -- you also need to talk to an accountnt --for depreciation consideration --you need to buy a soft ware to anlayze -- using what if senerios -- for different assumptions -- IRR is the best -- always leverage and refinance to maximum available at the time --after rehab or major renovations are done and rent increases or cash flow increases --I have done this for several Hotel loans ---similar principal apply --I use simple spread sheet to do five year proforma projections and improvements are added to loan --Lender keep money in escrow- called reserve for improvemnets -- fixed amount based on Recommendation in an Engineering Report.

Picture putting up 5K option consideration and 6 months down the road the county puts up a foreclosure notice on your window.

If it took a lot of time to flip that widget and get some cash, I'd take that into consideration.

How long is it going to sit on the market, what are you going to pay a real estate agent, how much in concessions will you make, what repairs will be required after an inspection, how low of an offer will buyers throw at you this time of the year, not to mention what issues you may have with the tenants moving out, i.e. security deposits, option consideration, eviction, repairs, etc...