Hey Joe, I can’t speak to that area specifically  but can address your numbers.In this scenario I’d be aiming for at least 10% cash on cash return.

When I buy a new rental property, I am aiming to get the maximum amount of cash flow from the property.  

I am aiming to start with residential-- but not in LA!

The units are aimed to be a bit upscale and the properties are either built or purchased and refurbished as required.

So my question is, for the BRRRR strategy, are we aiming to provide a clean and repaired home or are we looking to wow the tenant?

They can measure the distance to the clog which should coincide with the rebar.

I asked your manager to view one, took some measurements and made a floor plan.

After our next three 2-4 unit purchases our aim is to syndicate a few properties in the +4 unit range and take on larger projects from there.

I am aiming towards providing lease to own property leases and housing for foster families and foster youth who are often left to fend for themselves once getting involved with the system.

It depends on whether there are any limitations in the contract, but certainly lost profits IS a perfectly valid measure of breach of contract, so barring anything in the contract to the contrary, I can easily see the difference in the final selling price, PLUS attorney's fees, PLUS added costs to seller (pro rated property taxes, etc.) as your liability.AND, boys and girls, while we're on the subject of earnest money, this is a perfect example of why buyers can shove one dollar earnest money contracts up where the sun don't shine.