Then, estimate the rehab, subtract that off, and you have your max price.For fix-and-flips:Find the ARV - after repaired value.

The most you can pay is 70% of the ARV (after repaired value).

They can also download a repair form.

I also have to negotiate the offer, work through the disclosures and due diligence (in CA this is a lot of paperwork), manage the timelines with the lender and escrow, make sure repairs are completed, and that we close on time.

hmmm, sounds like a lot of credit repair company's...haha

A 24 unit will most definitely have maintenance and repairs, as well as cleaning fees and depending on your state laws you may be required to have on site maintenance and management once you start getting into that many units.

Second, you would most likely need 20% down + closing costs and rehab/repair costs.

Make sure that you keep the purchase AND rehab to a max of 70% of After Repaired Value.

All the roofers that come out only want to replace it and not repair it, because they don't want to "ruin their name" by repairing it and it leaking again.

Rented immediately for $600/mth, ie. 12% nominal yield after painting to remove the smoke staining, and some kitchen repair.