Or, she says, screw it I'm not leaving at all and extends her stay indefinitely while eviction prceedings occur (then you're out a lot more than 4 days).

The down side to buying a turnkey property is that the typically any equity in the property is what has been created by the down payment that you made.If your plan is to purchase a property that needs some improvements/updates, have the improvements completed, then gain a tenant - then you might want to consider a rehab lender that would extend financing for a portion of the purchase & improvements.

Phase 1 - "Peak" - - Unit sales increasing, Prices increasing, Inventory decreasingPhase 2 - "Correction" - - Unit sales decreasing, Prices increasing, Inventory increasingPhase 3 - "Trough" - - Unit sales decreasing, Prices decreasing, Inventory increasingPhase 4 - "Recovery" - - Unit sales increasing, Prices decreasing, Inventory decreasingThe 4 phase cycle usually takes about 8-10 years, but the FEDs manipulation of rates for an extended period of time has caused this cycle to move along much slower than what is normal.

It reminds me of the book Never Split the Difference, often times when we label the fear or emotion it tends to ease up the tension and release us from our fears or nervousness!

New everything including extending the kitchen and adding an additional bathroom.

@Kyle Majors if it's a off market deal, then you have sellers out there that are weary of releasing financials to you, so that you can properly underwrite the deal.

@Ryan Lawler I agree with @Pamela Sandberg re: Tempe, Chandler, and Gilbert and would even suggest extending a bit further to Maricopa, Queen Creek and parts of San Tan Valley.

The previous landlord is hit or miss, some of the PM firms will only confirm they rented to them and might require a Request form to release their info. 

These would be roughly Midwest and Great Plains values -- but extend even to states such as OH and PA.There is nothing wrong with parks with older homes -- some of the most valuable in the U.S. feature homes mostly focused about the 1970s and 1980s.

It has been so well received, we actually started another smaller fund for a Class A stabilized mixed use building in Denver, and we feel that we will get this one fully committed before we release the opportunity fund to the public.