Yea here's one of my rental numbers, which was bought last June.Purchase:26,000rehab:5,000Taxes:1500/yearInsurance:500/yearrented:908/month section 8 tenant build:1986Sqft:1260The rehab was give or take around $5,000 but this is because for Section 8 the inspection is very detailed and had to make some fixes to get it to government standards.

Two, is this something that is standard in short sale?

Insist that the site visit and data analysis portions of teh Phase I be done by an "environmental professional" as defined in EPA All Appropriate inquiries regulation and the ASTM E1527 standard.

There are some cases where you would want to do this, but it is beyond the scope of this post.Liability (This is primarily a state designation although it is fairly standardized across all the states):Sole proprietorships and general partnerships are essentially a person(s) acting as a business provides no liability shield.Any company of any form can have the veil pierced and lose the liability shield if it is not treated as a separate entity from the persons owning the owning the business.

I'll stick to my nice C class areas with quality blue collar tenants.

This is a standard clause.

Aside from income metrics, banks are also pretty obsessed with collateral quality these days, so it will be a good idea to only show them C+ or better, as far as location, and property condition/age.The typical local bank will offer both conventional (the 30-year fixed you're looking for) as well as in-house (portfolio) loans.

Think of it this way, if you had sold the home without a completed kitchen, you would have only been able to sell to cash buyers as lenders would not finance a home without a complete kitchen and therefore, your exit value would have been much less (well below the $5k u put in).When I rehab a home, I do top quality for the area and my curb appeal and ammenities sell the home fast.

My 2 cents....Rates rose during the Depression because we were still on a quasi gold standard.

The standard minimum for a one story in my area is 5k for move of a few miles (say less than five) in a rural area.