They are out to maximize their profits, so they buy cheap properties, do as little rehab possible and then try to sell for overmarket value if they can.Unless you plan on taking advantage of your relative, you probably want to have a chat with them to figure out what would be a good investment for them - Cash-on-Cash, ROI, etc.This will help you narrow your search, acquisition cost, rehab budget, etc., so you deliver what they want.Now, if you work extra hard and find a way to squeeze more money out of the deal, you should benefit from your hard work. 

Would love to chat more with you at our next event on 11/29 at Woodstone Pizza Bar & Grill in Rochelle Park. 

If the broker brought you the deal, it would be right to ask that person for the PM contact info and let them know you would like to have a chat with them.

@Joe Villeneuve I'm happy to chat with you or email with you.

I don't have intimate knowledge of your market and what type of finishes you can get away withWe elected to rip out the wood paneling and install drywall only because we are doing a complete re-wire as well.

Happy to chat on KC.

Happy to chat on KC!

However, the best method I used to determine my CPA (or at least where I ended up) was just picking up the phone, calling places, asking a list of questions that were important to me, and scheduling a meeting if I decided they were worth a deeper conversation.Once the meeting came around (whether in-person or video chat), I asked very specific questions about my intentions of using the tax code to my advantage through REI and essentially 'tested' their readiness to lead a client of my nature. 

DM me and we can have a chat about what I can provide for you. 

If you want to have a chat prior to your trip, please shoot me a text or call.