rent it. if so what would it rent for2. does it need any repairs/updates3. is it listed with a realtor4. can you get "control" of it with an option or a 45-60 day contract?

The standard formula for rehabs is (ARV * 70%) – repairs = maximum purchase price.This takes into account holding and selling costs.

Then deduct some closing costs and possible repairs.

Keep your repair receipts to justify mark up on home.read this...Seller Seasoning:Seasoning <90> 90 days but < 12 months, a second appraisal may be required if the re-sale price is 5% or greater than the lowest sales price of the property within the past 12 months.Property flipping is a practice where recently acquired property is re-sold for a considerable profit with an artificially inflated value, and is ineligible for FHAAlso attatched is guidelines for FHA loans Hope this helps

My background has been with accounting, management, finance/insurance and sales in the automobile and motorsports industry.

This law most commonly applies to credit repair companies; however, it is written to include any assistance or advice to a consumer in the "obtain[ing of] a loan or other extension of credit."

Get a list of repairs necessary to make the spaces livable, find the rents and see where these take you.

We are making an offer on a lender owned property that will need 15-20k in repairs.

Besides, the lender won't do the refi if the new loan drops the debt service ratio (DSCR) below their requirements.For instance you locate a building and during your due diligence you see the potential to increase rents and decrease expenses by making some repairs.

(Although at times I'm somewhat beyond repair :lol:).Thanks so much!