Getting an appraiser to go along might be a trick to qualify any forced appreication technique and bring it to reality.It often requires deep pockets to get a property rezoned.

If list price isn't at deep discount, it may not be worth it.

And if no information is available, then perhaps that is a red flag right which indicates they may not be the right choice for your project.Also to say that “It's once you get near the end that it's easy for the contractor to move on to other jobs.” is relatively unwise.

This is my first post on the Deep Pockets forum.  

@joseph 70% after repaired Value minus repairs doesn't work for the seller but what might work is a joint venture with a sellerSometimes it's better to talk to the seller directly with the agent and tell them exactly how the real estate investor world works Pencil out a possible solution 70% of ARV minus repairsIf that number is terrible then tell them you would consider doing a joint venture where you would bring in your own money to repair the house and then resell it with the realtor getting a commissionI would bring in a rehabber GC where they could guarantee the repairs on a certain budget and you get private money for that amount of repairsI would charge a fee of 5 to 7% of value for joint venture fee650- 65 costs to sell with commissions and closing costs - 200 in repairs - 32 jv feeSay 350k net to sellerBeats the 291 MAO1 buy w private mortgage no payments for 6 mo2 own it and repair it with private money3 resell it w agent4 pay off note to seller and private money loan@Joseph ChillemiGo Red Sox Nation!

@Jack Plantin I see numerous problems with this deal, layers and layers of red flags.

Having an overstated vacancy rate on a pro form could be a red flag about the property.

See any red flags in that plan?

Welcome to "Red Tape" Land.

I have about 200 real estate books, not counting ones I wrote, and about 200 others that I read but gave away.Currently reading:Code Red by John Mauldin & Jonathan TepperThings That Matter by Charles KrauthammerNo Easy Day by Mark OwensThree & Out by John Payne, the Saga of a San Francisco Apartment ManagerCurrency Wars by James RickardsThe Wealthy Speaker by Jane AtkinsonFree Me Forever by Kyle P.