If the soil underneath still has further potential for settlement, the jacking will only be a temporary fix.

They buy the properties in their names, then when they hit their lawfully mandated limit of ten properties(or ten in the name of each spouse) they move the deeds into an LLC, thus freeing them to continue to score government-backed loans on the cheap, giving them healthy cash flow.That's the way I've heard about it being done, and it makes sense if you believe in leveraging other peoples money to build wealth.

Even if it isn't a full month's rent, you still need a healthy enough deposit to encourage the tenant to take care of the place. 

But after looking at the numbers carefully, having family there to help out and knowing the language (although it is not a must), I decided it was worth a shot.My main motivations are:- Generating income in Euros (hedging against dollar value fluctuations)- 2% fixed / 15 years mortgage (1.4% for owner occupied) - healthy leverage considering current inflation around 2%- I chose an area with a low price point (not Paris, but cities with $30k to 50k/unit) with higher risks but working with much smaller numbers ($100k for 3 units in France vs $1M for 3 units around Seattle).

If the people there are poor enough they will be grateful for a clean, healthy place to live, regardless of how close the neighbors are.Disclaimer: My idea of a C neighborhood is probably most people's D neighborhood.

I've got what I consider a healthy cushion for repairs as well as holding costs, and we went fairly conservative with ARV.Note: I'm not looking to be convinced to not do it, I'm interested in hearing from those who have fixed and flipped.

@Nick Causa80% can be achieved but you will need a very healthy DSCR.  

Steve, it is a very healthy question and it shows you are thinking critically.

$40K (per unit) is a healthy rehab budget for a 2/2.5 rental unless it's completely distressed, but if that were the case, I'm not sure that it would have been listed at $245K? 

Due to the clay soil.