I would be willing to bet the person selling you the property is praying you are not getting opinions like mine. 

Considering it needs to be cash since it’s going to an auction (no time to line up financing), I can’t underwrite it based on the NOI.

Give me a call on my direct line, which you should be able to get from my profile.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

I want line of credit which when I applied at Wells Fargo was denied because I had my house debt of 120k.

Straight #savage.Seeing as it was a drive by I think it'd be prudent to put this puppy in the back of the line & focus on other projects while things die down.

Now I'm almost to the finish line!

After lining everything up for the deal, the new appraisals finally came in right before closing and they were 80k less than the 2 yr old appraisals. it was still enough to get the deal done but not what we expected at all. 

Then use a Dremel/file/grinder to slowly grind away the material to match my template line....go slow and creep up on the fit with frequent test fitting.