She agreed to meet me the next morning and explained to me the following:  When a house with existing code violations is sold to a new owner, the prior violations are attached to the previous owner but the Placards are attached to the property. 

I am using private money and am trying to determine is this a good deal.

We just sold a 5 unit that will be used as an airbnb in the near east district of columbus 

I have a rental property in Birmingham that I need to get sold. 

So I reached out to a hard money lender and a private lender but there taking forever to get back to me and I need to have a offer /proof of funds by next Monday.

He's sent us deals, introduced us to people, offered advice, and has even offered to guide us if we want to get into private lending (I would love to eventually).

The info provided is from a wholesaler Please note he states its a teardown and the asking price is more than the comps he provided which are larger properties than the subject property.SFR2 bed / 1 bath 792 sf Lot: 8,599 sfPickup Price: $475KEst Rehab: $775KAfter Repair Value: $1.8M ($450K per unit)Tear down existing home to build 4 brand new townhouses with 3 bed 3 bath and approx 1,500 sf each unitComparables: 12307 Cheshire St # A Norwalk, CA - 3 bed 3 bath 1,322 sf Sold Price: $435,000 14786 Pioneer Blvd Norwalk, CA - 3 bed 3 bath 1,483 sf Sold Price: $422,000 12309 Cheshire St # C Norwalk, CA - 3 bed 3 bath 1,142 sf Sold Price: $417,000

Im going to make an assumption and assume that you mean you want to get into private money lending.

.$34M purchase7% preferred returnCash and Cash - 8.5% over 5 yearsWhen deal sold, the principal is returned and 70% of proceeds basedEquity multiple 1.94"Over 5 years, you're basically doubling investment."15.9% IRRUsing that -- and some if the info seems contradictory to me -- how do you simplify to, "If I invested $100K here, assuming their numbers are true, I could expect to earn $XXXX each year and $XXXX total after 5 years"?

Using private money about 17k cost and looking to take 50k out after refi.