Feel free to connect with any questions about investing or financing.  

Check out FilePlace, where user-created forms are available for free.

Check out FilePlace, where user-created forms are available for free.

There is no free ride!

I probably left out some important info that might be needed to give me a solid answer, so feel free to ask and I shall provide.  

If you have the cash and the credit and the deal scenario works (meaning the project cost is less than 75% of the ARV) then you should get 80% - 85% of the purchase, 100% rehab held in escrow, at about 2 points with like a 1500 service fee.

Send a return receipt certified letter notifying the tenant of the issue and if applicable their cost of the repairs.

However I've come across a few very good applicants who have great credit, little debt, and solid jobs. 

And then again, use a free skiptracing softwares to get their number.

The goal in the future is to get the permit and add the value for a future refinance.I have called the county and building department and they said that I will need blueprints of the alterations and submit them for approval and get all the inspections in place (I know this will be a headache and can be very costly).