You actually can, IMHO, learn a lot about construction and home improvements by reading.

The CFD was generally accepted in allowing the buyer to encumber the property in some areas, such as contracting for repairs or improvements, allowing the buyer to provide maintenance and making improvements.

I would suggest looking into your competition and see what they have done and how you could copy some of their ideas and then improve upon others.Good luck and I'd love to hear how it turns out.

We have owned it for almost 2 years...Purchase Price $44,000 Improvements $36,000 Total Cost $80,000.Current rent $950Mortgage $776 month (ten year note P&I)Taxes $60 monthInsurance $30 monthCashflow $84 monthCurrent Debt $76KEstimated Value $130KThe casflow isn't very good but I have about a 10% return of my actual cash invested in the deal.

Not sure if you have any desire to got that route, but it might significantly improve your cash flow.  

Check on the solvency of the HOA, anticipated improvements, liens on the HOA, potential liabilities.Sounds like a good one!

Heating costs are really a killer in Maine so I'm going to focus on improving the energy efficiency by replacing the old windows and insulating the attic.

Those figures even include some reserves written in for tenant improvements and leasing.

Great debate on such an interseting topic.ARV should be the estimated market value less costs of repairs and improvements (according to the plans and specifications assuming workman like standards being met) to arrive at the current value before work.

My main concerns is I won't be given enough leeway in improvements to get the appraisal value high enough to refinance without a significant down payment.