All improvements are in and plotted ready to build on.

We had heard from the previous home owner that they did a lot of improvements themselves.For some reason in the front room they added a layer of plywood 10’ into the room, covered it with rubber floor, and then carpeted.

The property is in what I would define as an A neighborhood, in general it should have very low vacancy and potential for continued improved rents, maybe even appreciation (although I wouldn’t count on it).

I am an investor and licensed Virginia Realtor living in Northern Virginia who enjoys transforming and improving communities by rehabbing run down and abandoned properties and making them available to families who would otherwise be unable to afford a home.

Usually, not always, when you purchase property, you are actually purchasing the land with the improvements to the land (i.e.

First, start with where you are: Clean up or improve your credit, work on saving. 

Improve it, get the better rents and force appreciate it.  

If appraisal comes in $100k or higher, we intend to get bank financing and with the improved equity position, put no money down and move onto the next deal.  

You can't take cash out with it but you can make repairs & improvements.  

It's one thing for someone to take a chance with you to wholesale a 80K property versus wholesaling a 800K property.