From the little detail you have given so far, it sound like you don't need a back to back closing, so don't need flash funding either, you just have to structure it right.

Pj Baptiste Your question requires a detailed response, and I will be happy to take the time to post one later today.

I took my best guess at creating a repair estimate for this house, which is detailed below.

So here's the details. 6 unit building in a blue collar area.

I suggest calling your county assessor office and getting details.

More details to come after our meeting Saturday morning, however seeing the basement and the 1 unit made me a little uneasy as there seems to be a lot of work to be done to get things "right".

Feel free to contact me directly if you are interested in more details on this property.

Dean,Thanks for that I'm going to be assigning this to an investor friend when we can get the details straight with the seller.This may be a stupid question but I'll ask it any way.

Hi Chuck,I'll send you a PM for more detail.

I am intensely fascinated by the market and the fact that this investment provides tangible and human links that are unique to this field (which I'll bet for many has had both positive and negative implications!).