I've met private lenders that actually do a lot of brokering of capital, so they will underwrite the deals, source the leads, connect the capital partner to a borrower, and there's none of their own money tied up in the deal - they collect origination points or point spread for their time and energy doing the underwriting.

This was very attractive to me because it's a very old property (1914), in good shape but with deferred maintenance, a past electrical fire, and some other issues that are relatively minor.I had stated I could offer an owner carry.

@Joey Gorombey I had a shed in the backyard I hooked up electricity to it.

Love your energy.

Lack of quality furnished rental options and lack of management fees can yield some quality and less energy intensive returns. 

Renovations include new roof, plumbing, windows, electrical and HVAC.

plumbing, electrical, mold, insects, appliances ?

Renovations include new roof, plumbing, windows, electrical and HVAC.

I’m currently looking for a subcontractor or handyman to help with estimating work on handrails and riders and to cover electricity  for safety.

$ 14,583,00 Principal $ 30,625.00 Interest - $ 13,000.00 Electric Monthly - $10,000.00 Conversion Costs Monthly - $ 5,000 Insurance Monthly - $ 5,000 Office Help Monthly $78,208,000 x 48=$3,753,984