If you have a 12 unit that is generating positive cash flow, and your bank is telling you they prefer to gamble on a flip... that's silly.

I was not interested in buying that property at market value, it was a fair price, but it wasn't low enough for what I wanted.Best of luck, and triple check your numbers.

Provo is a great place and will not likely drop much even in a downturn (I have 2 buy and hold rentals there now) Trying to cash flow any new purchases in Provo is extremely difficult unless you buy condemned property and rehab it all your self (and don't mind still paying $150/sq ft for that) There are to many wanting to pay too much and gamble on appreciation.

If it's cash flowing and you are not REQUIRED to pay back the remodelling cost in full, and it's fairly standard interest rate, you would still have $20k in your pocket!

Your lender does not want that because you can't pay your mortgage if you or your wife are in prison, so it's fairly unlikely. 

If I pay fair market rent, and the unit makes a profit for the company, I'm thinking that they should' care.I'd appreciate any thoughts/advice......

Assessed/Fair Value is 318.

Hey everyone so I am fairly new here.

.•(1344 finished sq feet. 3 bed/2 ba unfinished basement, 2 car)•He obviously cleaned the house fairly deeply for my arrival.

I always say locate the absolute best company first, then deal with the pricing and see if you can come to a fair price for both parties.