Furnished as a mid-term rental would be around $2400-2800/month based on comps, again with range based on finish quality.I am thinking it may be better to analyze as a flip rather than rental since long-term rents in the area are lagging valuation because it's a neighborhood that is just barely beginning to see any redevelopment (even though builders have listings on nearby vacant lots offering new build $1M+ homes based on their speculation of future development). 

Rents have also gone up significantly as well.Since the poster is from SoCal Area , I was just thinking in terms of his location .I’ve also had a relative own a home for many years in Western NY , and the home barely went up at all , maybe just beat inflation . 

I would prefer to run up my credit cards.My master plan is doing the bare minimum and doing a deep scrub, paint, flooring and putting renters in there to generate positive cash flow.With the golden goose laying eggs, I will slowly improve the property.Marion, for Hard Money, look up the Norris Group found under "Resources" in the header.

There are A class assets in highly appreciating markets that barely cash flow.  

Don’t get me wrong- with Amazon you can find everything you just have less options and pay more for them, and if you need to replace something same day in a pinch you could be SOL. I

I'd never shut off utilities,, but I have heard of :  turned water down to a trickle,,,,pull several breakers,,, and turn heat down to the bare minimum... 

Kurt might be looking at the same PPM I have.In this particular PPM, it statesSeries A Preferred Units (“Series A Preferred Units”) and Series B Preferred Units(“Series B Preferred Units,” and collectively with the Series A Preferred Units, the “Preferred Units”or “Units”)I read it as both A/B are holders of Preferred Units.

It will depend on what your fico's are at, if you have 815 fico you can spare more and maybe can go up to 50% and still maintain atleast 740-750 fico score but if you're barely at 700 fico you would want to keep your credit cards at 0-10% or less to keep that score stable or higher.The above has all to do with "credit utilization," and how your credit mix ( balance of revolving, installment, and other mortgage accounts/etc).

If you can get half the commission and they barely do any work, win win.

We've had generally good results filling units like the ones we're discussing (no laundry, no central AC/heat, no amenities) through these programs, because sadly enough, even the most bare bones unit is usually better than living in the shelters.