Hi Account ClosedWe don't lend on an ARV basis not because we could not do so if we chose to, rather it's because after 40 years in this space and buying, fixing and flipping 30,000 + assets of our own, we believe its not a sound fundamental for either the lender or the borrower to do so. 

Years of new paint will enclose most lead based paint, but the places most commonly re-exposed are wear points such as window sashes and door jambs, especially check the hinge side of the interior door jambs where they meet the floor.

I was thinking of advertising it to Realtors around town in the "white box" stage of completion, meaning it is drywalled/mudded/taped/sanded but there is no paint on the interior, no flooring, no appliances, no countertops, no moulding, no hardware.

We are forced to make offers before viewing properties and even then we find out that the deal is already under contract.Now we are considering buying 2BR homes and adding on a 2nd floor master suite and nursery/office or 4th bedroom.Does this make sense to anyone out there?

A good way to make some cash for the next down payment on a buy and hold.Your flooring skills will definitely be helpful as a landlord.

We have 2 new additions to the family on the way and need more space but, I can't justify buying another house here during the bubble.

Then...our other tenant calls and says there was "water everywhere" this morning in their 2nd floor bathroom.

If your furnace is in the basement and his is on the first floor that makes a difference.

No unusual cracks.Center supporting foundation looks good.1st floor is level, no cracks in the ceiling or walls.It's a 1974 raised ranchThere's no pipes or electric in the slabLooks like this happened 10-20 years agoMy Theory:The lot was obviously built up, bulldozed, filled.

Allows dwelling units above ground floor. )When we bought it is was partially converted to a SFH - so we went through hell with the appraisal.