You should also consider third party plan review as well as that can save you months of carry as DCRA can be really difficult and time consuming as I am sure you already know if you work in the region.The most important thing you can do is to do you own due diligence on your contractor/builder.

Numbers are as follows.ARV: $175,000Repairs: $25,000Assignment Fee: $10,000Offer: $175,000 x 70%= $122,500-$25,000=$97,500-$10,000=$87,500My question is the the house is on a slab and I am finding it difficult to find really good Comps that also are on a slab.

It is often much more difficult to get an Appraisal License.

Numbers are as follows.ARV: $175,000Repairs: $25,000Assignment Fee: $10,000Offer: $175,000 x 70%= $122,500-$25,000=$97,500-$10,000=$87,500My question is the the house is on a slab and I am finding it difficult to find really good Comps that also are on a slab.

Now perhaps there's some hardship that made it difficult or impossible to pay.

And conversely, in a (using as an example) Los Angeles marketplace, the buy in for 5 investors may be 50k-100k, as it would be more difficult to buy (cash out properties) for anything less than that.I'm just wrapping my head around various avenues for myself, as I build my 2014/2015 goals.I thank those who contribute in advance, because were it not for your knowledge and information many of us would not even be able to reasonably consider RE as a viable option for us to make money!

My experience and understanding is you that you will have an incredibly difficult (if not impossible) time if you buy a property with cash and then try to get your cash back out using conventional, Fannie Mae financing.

For example, a 10k gain is worth more today than it is 10 years in the future when 10k, spread out over time, isn't as difficult?

And my investment company (a LLC) that is the sole Class B member.I know it is difficult for non-Cleveland residents to get funding on multi-family in Cleveland.

Typically, it is very difficult to get real cash flow with any unit if you pay full retail, thus, a discount is often needed to obtain that goal.