After the inspection was done it took them a month just to find contractors to do the repairs.

Why deal with tenants and toilets, maintenance and repairs without a premium?

@Jeffrey H. ok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.

@Kurt Jonesok so here is the numbers from the OM that the broker furnished to me: ESTIMATED LENDER ACQUISITION COST:List price: $1,175,000 ( @ 28 units = $41,964 per site)Buyer requesting Down Payment of 30% = $352,500Projected Lender Financing: $792,500 @ 5% FIXED 30 year AMORT with a 10 year DUEINCOME, EXPENSES & CASH FLOW:Actual 2016 Gross: $212,752Actual 2016 Expenses: $95,915 (45%)Actual 2016 NOI: $116,837Projected Lender Debt Service: $57,494Projected Net Cash Flow: $59,343FINANCIAL INDICATORS:Cap Rate: 9.16%Projected Total Cash Return: 18.96%PROPERTY DETAILS:All age park28 Homesites# of Park Owned Homes: 28 (100%)Occupancy: 100%Utility Reimbursements: NO2016 INCOME AND EXPENSE ANALYSIS:Total Net Rent: $212,752Total Operating Income: 212,752Real Estate Taxes: 4,054Property Insurance: 5,524Utilities ( all lumped into one total, broker and/or seller did not offer it broken down individually ..yet): 30,658 Payroll & Benefits: 26,225Maintenance & Repairs: 2,058Administrative/ Office: $26,668Advertising & Promotion: 728Total Operating Expenses (45%): $95,915--------------------------------------------------------------------------------------Net Operating Income: $116,837The screen shot copy of the rent roll excel sheet i am waiting on further explanation from broker in order to determine how to interpret all the acronyms that the seller put in it so i can begin to figure out the rent roll for that month.

I wrote a BiggerPockets blog post outlining common projects and their average costs here: https://www.biggerpockets.com/blogs/8814/72452-how-to-estimate-construction-costs-for-these-29-common-rehab-projectsAs far as analyzing deals, this post explains how to find comps and calculate ARV: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueFinding comps for multi-family properties is slightly different than finding them for SFR, generally in that you often have to widen your area and go back farther in time to find them as they are not sold as often, nor are they as common as SFR.Happy investing and feel free to reach out if I can help.

You quickly learn which ones want to talk for ever and which ones just have something quick to say.If it is important or a real problem I can call them back.If it is a repair issue I then text my handyman or HVAC guy to go fix the issue and it only takes me a couple minutes to deal with a issue.I then follow up with the repair person to make sure things are taken care of.

I need some advice on possible options.Here is some of the information about the property and his issue:ARV: 150,000Rents for 1450Minor Repairs (cosmetic)He owes 23,000 to bring the mortgage currentThey will auction the property 5/10/18Can someone please advise on what possible options I have for the seller?

I need some advice on possible options.Here is some of the information about the property and his issue:ARV: 150,000Rents for 1450Minor Repairs (cosmetic)He owes 23,000 to bring the mortgage currentThey will auction the property 5/10/18Can someone please advise on what possible options I have for the seller?

I need some advice on possible options.Here is some of the information about the property and his issue:ARV: 150,000Rents for 1450Minor Repairs (cosmetic)He owes 23,000 to bring the mortgage currentThey will auction the property 5/10/18Original Loan amount 132,000Bank is asking for 145,000 due to fees tacked onCan someone please advise on what possible options I have for the seller?

I would strongly recommend that you instead of starting with a foundation company, have a structural engineer come out and take a look at the property to get a feel for exactly what foundation repairs are needed.You can then have foundation companies bid on the engineer's report to resolve the issues to avoid a situation where you are allowing the foundation company to come up with the estimate themselves as I have heard that foundation companies estimates tend to come in all over the place without an engineer's report to work off and limit their repairs.I will PM you the guy that I used for a property I was looking at recently.