In this case they are saying that "similar properties (are) consistently trading in the 4.75% to 5.25% cap range", which, depending on the class of property and the market in which it is located, could be true, or at least in the ballpark. 

Check the numbers and not only what you can sell it for, see what she owes to other people or lenders on this project and how much money needed to complete the rehab so you don't end picking up the pieces of this deal.

I know we have many places in our area that you can pick up for 20K and put in 25K and they are worth 75-90.

You buy them from him and you need his permission to pick the lock or kick in the door.

We have a few A - Class rentals here and have never had any complaints about it.

@Bob Malecki - I used OSC as well, they must have different options available because the program I use let's me pick the coverage amount I want, but I also have to send notices to the borrower and inform FCI of any updates.

Her insurance company picked up the tab for a safety check on the oven.

DC is a tough market for first time low income homebuyers and increasingly so for those in the middle class.

pile it all up in the garage and call 800 got junk they come in pick it all up for you and dump it

I'm actually looking to sell some of my Geneseo properties if you are interested in picking some up.