So they send someone out and that person fixes the drain and tells them how to fix it themselves next time.

The ground rent is unregistered.Once I fix up the property, I will be doing a cash-out refinance which will require an appraisal and I'd love to hear your experience with getting an appraisal on a property with ground rent.

One, you're not going to find a super nice property in these areas at your price, but if you're willing to do some cosmetic stuff and fix/renovate as you go, you're fine.

I am new and not really studied as much on rental properties but mainly on marketing and wholesaling fix and flips.

The plan is to fix it up, live in one of the units, and rent out the other two. 

I am estimating it might cost $20,000 to fix.

I fix and flip in Bham and like it a lot.

The consensus is to fix the credit. 

(Wiring in the ceiling needs fixed as I have installed a new fan but that is the extent of my electrical skills)Any suggestions or comments would be greatly appreciated.

Interest Rate: 9.99% fixed interest rate Collateral: A first priority lien on Borrower’s fee simple interest in the Property and the improvements thereon together with any personal property owned by Borrowers related to Property Prepayment Penalty: none Loan Fees: The following fees shall be due: (1) 3.00 points, plus customary underwriting, processing, legal, administrative and site inspection fees to (**) at closing of the loan; (2) $50 application fee due upon signing of the term sheet.