Expect to have to try a bunch before you find the right one.

They have insufficient credit to generate a score which is good considering they haven't run up a bunch of charge cards and not paid them.Here is the problem.

I am in Asheville, NC with a fairly progressive and reasonable planning department.

Also does anyone know what is a fair amount to charge percentage wise.

I'm looking in the Denver area and a lot of the buildings are fairly old (50+ years).

If staged correctly I could split the master into both a sleeping space and fairly large sitting/office area.

You may be able to count on fairly consistent numbers similar to what was given, but you have to be prepared to have 0 or negative cash flow every now and again when a big ticket item happens like the tenant who not only needs to be evicted but destroys the apartment before he goes.

With some very, very rough analysis, this one doesn't look like a deal to me.I didn't do a take off but let's just assume your rehab costs will be $40,000 (although it could be more work than that off the cuff).Holding Costs (utilities, insurance, loan payments, etc.) assumed at $600/mo) @ 6 months = $3,600Fixed Costs (inspections, permits, purchase closing costs, property taxes, realtor fees, buyer's closing costs) = $20,000Renovation Costs = $25,000$135,000 ARV-$3,600 holding costs-$20,000 fixed costs-$40,000 renovation costs=$71,400 Max purchase price So unless there is a bunch of room to negotiate the $85,000 purchase price, you aren't even in the ballpark.

Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??

Suggestion:- 30% down on purchase/renovation costs (minimum)- 8.5 - 9.5% interest rate- 15 year am"It's just like a contractor doing a job.I can go out and find someone quick to paint my apartment unit for 500 OR I can take some time to find a painter that I can get to work for 75.00 a unit that does a good job.I believe finance is the same way in that there is a bunch of money wanting to lend at rates and conditions that are not attractive to a buyer.So you have to find a lender willing to take less than the majority so you have an advantage.A question I have thought about is would you target one really wealthy investor or a bunch of smaller loan investors??