.($40 + $20k = $60k) / $100k ARV = an acquisition at 60% of ARV)Recently, a beginner investor posted a need for 100% financing on a "75% ARV" investment opportunity, usually a viable candidate for private or hard money lending, with anything below 70% being better.

Morning BiggerPockets world.I am currently on the first R and trying to plan my renovation in a way that maximizes my appraisal ( as expected)...I have the opportunity to save about a grand on my rehab by having a used HVAC system installed. 

@Thomas S.I agree with your thoughts on not fixing what’s broke, but I think there’s some real opportunity for some forced appreciation in addition to increased rent if I can boost the curb appeal.$15,000 is probably a bit overboard, but I can do most labor myself, so $15,000 worth of work may in reality cost me half or a third of that in materials cost.

So to curtail my last post and wanting to give back... is there anyone in the local Charlotte NC market that would like an opportunity to get together as part of a wholesaling workshop.

Hey Calvin,Sounds like these are the opportunities where you have to get creative so I'll try to offer something to make you think.There might be some spread after the birth mom speaks with the taxman (federal in this case..?)

BUT that being said, there are lots of opportunities for great cash flow with solid tenants and low vacancy if you plan correctly (especially by not over-rehabbing thinking "if you build it they will come", they won't).

I don't intend on hiring any full-time employees and therefore am wondering if I can get away with not having contractors insurance by doing it the way described above.Thank you in advance,Mike

If Angel Oak doesn't work out for you, I can recommend several others with the same program.Cheers to your new opportunities.  

Take this as a learning opportunity, don't get dollar bills in your eyes, and find someone to partner with who truly knows what they are doing.  

Are you looking for turnkey investments or value add opportunities?