Christina , that is an excellent question, I don't have the answer.

We have a great relationship with an excellent foundation company that we have used for many years.The floor plan can be fixed by moving a wall or two and closing an opening.These things don't scare me....BUT, the price has to be right to compensate for the cost.Although I have plenty of experience managing properties, my father purchased all of the properties, and he passed away about 7 years ago...so this is our first foray into acquisition and thus my timidity.

Jared, Bill, Chris and Joel,Thanks for your excellent feedback.

Have an excellent weekend everyone and thank you again!!!

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships and excellent customer services to determine how to best market to your leads.

Excellent layout, they seemed to cover a lot of different aspects, etc.

I already am maintaining high quality records for each of my units via Excel, and use a CPA for taxes.

. $199K (DID NOT INCLUDE OUR BOA COMP - REMAINED CONSERVATIVE)•LOCATION: EXCELLENT•SCHOOLS: EXCELLENT•CONDITION: EXCELLENT•PRICE: EXCELLENT•AREA AMENITIES: GREATIn my opinion, this house should be marketed at 5%-10% below my estimate which should range from $179k to $189kTHE AVG.

Excellent input and info in here guys!

Purchase: $159kRehab:$10kCurrent value: $210kARV after rehab is complete: $225HELOC for $24k used to buy and renovate other houses @ 2.5%Will rent for $2100 and is in an excellent location close to the new EXXON world HQ.Not bad for having absolutely no idea what i was doing.