Thats what i figured i am going to do now.

You can get market data from calling on currently listed ads and asking questions about its details, most important being sq/ft to figure out the rent/sqft ratio and what part of town its in.

I figure that it will take at least 3 years to complete this project.

Don't forget to figure in Insurance, Maintenance, Mortgage, Taxes, any utilities the landlord pays, etc.

The figure for the same period last year was just over 10,000.

I would be figure out who controls the piece of land you're interested in, and call them and ask very specific questions.

Why I can't figure??

If anyone is surprised that companies have meetings to actually figure out how to get people to spend money, then you are very naive.

Just wasnt sure, so I figured I would ask everyone here.

. * I would go to 50% ARV on Rehabs.Ideal CandidateStrong income, Strong Credit, Strong Financial AssetsHands OffIf you have money as collateral in a Commercial bank......They will work with you.They will loan 80% of appraisalIt would be helpful if the bank would refinance these loans once the repairs are completed.Also, it would be helpful if lease options were structured as Fair Market Rent plus more as an option payment.Example:Market Rent = $1000 pmOffer $950 pm plus $200 pm as option payment (subtracted from future purchase price)Future purchase price can be tied to a future appraisal OR a set figure, whichever is higher.Ideal location of homes for tenant buyers - STRONG EMPLOYERS in the area that are recession proof.Consider not giving an option to purchase, but a Contract for Option to Purchase.