Now you can get away with a C2 condition by saying you had a 5 year old furnace serviced and doing roof maintenance on a 7 year old roof, as long as you can show all the other items (cosmetic) have been updated.So you can get the C2 rating with cheap finishes because technically it is still freshly rehabbed.

To be clear, we would be purchasing the property ourselves (not through the LLC) and it would fall under FMFM guidelines etc.This idea is only half baked right now but I'm trying to find as many solutions as I can.

When the rehab is complete, rent the freshly rehabbed unit out at top of market price. 

For her, the foreclosure is still too fresh.

@Mark Doty For some cheaper money consider baking the repairs into the purchase and packaging it into a Fannie Mae loan product. 30-year amortization and ~4.9% interest and 80% LTV on the ARV.

Hey Everyone,

My name is Tyler and I am very interested in building a rental property portfolio. A little background about myself first. I just graduated from college with light debt. I am 2/3 of the way to a seller'...

Hello BP Community,My husband and I had decided to move from NY to Miami/Fort Lauderdale Area in December 2018 for a fresh start.

I always bake in the cost of non-paying inherited tenants and the cost of an eviction or two when I buy an occupied building. 

I am fresh to my career so I do not have a ton of money to put down.

Fresh paint is clean.