Obviously the property is very solid and LTV is 75-80%, but as a rule, it does not hold forever...

@Desirae Price Hey Desirae, Thanks for the support and i wish you nothing but the best of luck as well.

@Ovais Zuberi, so it looks like you'd be into it for about the "1% Rule" mark.

Of course someone may have painted a room in 1980 with paint bought in 1970, but it's a nice cutoff.I also remember a new EPA rule that went into effect in 2009 or 2010 that requires contractors and repairmen to do cumbersome lead checks on houses built before this date.

I am still getting familiar with the “rules” of property valuation, most of the multi family homes in the area are understandably expensive, what would be generally competitive prices for a triplex in the Long Beach, Dana point area?

With that said, just wanted to say thanks to the BP site and members for all of the encouragement and support consistently displayed throughout the community.

This is not to say that they have not placed a good tennat and would not rule out a inherited tenant.

Hi Joseph,A good rule of thumb that many full time rehabbers also use is netting a minimum of 20k profit.

But I'm the type of guy that I would still support him and say, "Look, I get it.

I'll definitely be keeping all these tips in mind for the next analysis I run.Is there a rule of thumb for estimating rehab costs?