Once you reach a certain point, you realize you can't do everything yourself so bring on a team or develop a system to put things on autopilot for you.

The buyer would need to bring $12K plus their costs (probably another $2-3K) to closing.Or, you could just set the price to $135K.

:I guess it all depends on the market, but here in Baltimore area your unit would stay vacant for years if you offered it without appliances.It has everything but a dishwasher (tenants normally bring their own W/D in this area)

most hard money loans are interest only, and most I deal in are 6 months, interest paid monthly.they will loan me 70% of the after repaired value of he home,,,so if its a home that will be worth $100k when I'm finished, and I'm paying $65, and it will cost $10k to rehab,,then they will bring $70k to closing, I will pay closing cost plus the other $5k ($65k+$10k),,they will then escrow the rehab money.You will also have your signature on the loan, and they want you to have decent credit

The comps in this area is $200-$230k The home was built in 1978 and it looks like "1978" What updates, colors would you recommend to bring it to the taste of today?

It's falling apart and needs to be repaired/upgraded and since we have a pool of construction workers and veterans that need work it seems there's a way to make this work and bring in private contractors as needed.

It will bring the rates down some for the next few years while this goes on I betWhat I'm guessing might happen though is that the home prices will start to move up because of less supply and less foreclosure comps showing up on the appraisals.

Put it on the market... get as much as you can and bring whatever you need to closing to get it off your hands.

Although Jon and Bryan bring up interesting points I'd be happy to discuss in length, I want to focus on your situation Mike.You own this property I assume, and this is not a sandwich lease..You had it appraised 2 years ago at $205k, and you offered it at a lease option for a little more than that, but now they are trying to get financed and the lender had an appraisal done and it came in at $190k?

Being in a low yield area and confined to a daily job (low yield requires job) brings desire for out of town property.