Also some banks and a sophisticated buyer will have adjustments (carve outs) to the expenses that they will assume when underwriting.

Prices are nearing the inflation adjusted historic trend levels now.

South side management is a little more hands on intensive so it is tougher to make and keep a profit consistently because you can only charge your customers back so much before they are no longer your customers.  

So are you placing your ad just in the classifieds section or are you placing a bigger ad somewhere else?

At Anne's request I have left the specific address out, but just wanted to share with you all my note to Anne as it may help as you look at purchasing locations in California right now.For some general news in CA/northwest...this weekend, there was some quite intense action with the Valley Fire as it grew from 50 acres to 50,000 in a matter of 24 hours... destroying over 400 homes...

It seems like it's priced pretty close with 20 showings, but you need to adjust it now.

If your strategy is to give the seller a nice initial offer, then beat them down after the inspection, you may need to adjust your strategy.  

:I was curious about anyone's experience or perspective on investing in specific deals offered by the crowd funding platforms, vs investing in real estate investment funds (which are also offered periodically.)It might be a matter of where you feel you can get the best risk adjusted return on your investment.

The cleanest way to avoid tax matters is to put the value of the project in the construction agreement and at the owner's expense, then you purchase agreement can be adjusted to cover those costs, netting out the difference, see your accountant.If you plan on doing more than painting; To make an owner feel more secure, not to mention a Realtor, have the project inspected during phases, title companies usually have "part time" inspectors for construction disbursement loans and they might provide inspections, they are usually the least expensive, but services may be limited......good enough to let the owner sleep.

It's a labor intensive way to buy houses, but the margins seem to be worth it in NJ still (unlike other states like AZ and CA).