The property would be an awesome acquisition.

My companies focus on distressed assets which are primarily acquired from asset managers so the scope of our acquisition process is much less complicated.

It's no fun to run out of money at the end of a rehab when those final touches-the things the buyer or renter sees-are what really make the difference.

Are they going to be on title with you also or is the profit from the sale yours and have you had your agent run the final numbers to make sure your renovation doesn't go over budget?

We finally agreed on the terms, price and the time frame of the loan when a tree branch hit the house.  

Finally, I usually will consider about a .5% appreciation rate per year for overall appreciation (non-cash benefit, but can come in handy down the road), increases net worth slowly without taxes.Hope this helps as well. 

@Franklin Marte best way to get your equity is to buy at a discounted price- that's our number one acquisition criteria.

For your benefit, this program provides loan proceeds for acquisitions and refinances of small apartment buildings with at minimum required unit count of five.

Thus far we have demo'd the property, and we are waiting on the architect and engineer report to decide final design.

It really makes sense on commercial properties with acquisition price in excess of $500,000 and some to major rehab having been done.