If they still make them work (i.e. paint,clean, ect.) and pay and affordable mortgage, then I take back my negative comments.

Justin,I am sure there are quite a few rehabbers who would be willing to provide some inisght and assistance.

Carpets need cleaning, stretching and smoke smells removed.

How are you on BOCA, OSHA, Environmental Engineering, Marketing, Planning & Zoning aspects, obtaing zoning variances, politics in the area, working with utilities and thier engineers, financing projects......I could go on....Point is, you won't get this out of a few books, universities offer degree programs and new grads still are only prepared to assist an established developer.Best thing is to work with one and learn.Many developers were GCs before they started, probably started with a small number of lots and built in phases or got an existing area and built to suit.

The owner is starting to feel motivation, since they do not plan on making any repairs, and know they will have to take a cash price for the home.I plan on taking pictures and/or video of the home on Wednesday, so hopefully I can get some assistance with estimating the repair costs.

Assume conservatively that it will take a month to turn around once tenants move out, clean up, paint and find new tenants in your calculations. redo your calculations to deduct the vacancy rate you find appropriate along with adding costs of a months utilities to each year or at least up front.

I am in Colorado if you need my assistance I would be happy to assist you.

This will assist you in predicting future income.

I've done many at 100% LTV by selling the financing instead of buying the property so to speak.Retirees want income, low taxes, no headaches or worries, no more maintenance, repairs, tax return complications, cleaning, advertising, tenant collections and issues.

Expenses such as damage, clean up, re-rent marketing, legal eviction, etc.