And the owner attempting to replace the kitchen counter top.We want to stain the wood floors (living and dining room and stairs), add crown molding, replace flooring (kitchen and family room), and redo the master bathroom to start (approx $14K quoted from the contractor).We're now getting cold feet.

Hi Everyone, This will be my first attempt to secure a hard money loan and I would like to know what to expect.Is the loan based on LTV or ARV.

Again, the spreadsheet with an attempt to identify  individual property variances and figure out what creates them,  Usually that is the degree of finish (new kitchen versus old etc...wood floor versus carpet)3.

Never attempt to use that to value a property; be sure at the least to look at comparable sales.

That is what a buy-sell agreement attempts to circumvent, there are business and life occurrences that trigger state laws, such as death or bankruptcy.  

If purchased, this will be my first attempt at the real estate investment business.

After repeated attempts to gain her cooperation to drop off the deadbolt key, but getting excuses from her on getting the deadbolt key, and yet having her text that she was out on the 21st, my maint crew gained access Oct 24th through an unlocked window, and changed the locks.

After repeated attempts to gain her cooperation to drop off the deadbolt key, but getting excuses from her on getting the deadbolt key, and yet having her text that she was out on the 21st, my maint crew gained access Oct 24th through an unlocked window, and changed the locks.

After repeated attempts to gain her cooperation to drop off the deadbolt key, but getting excuses from her on getting the deadbolt key, and yet having her text that she was out on the 21st, my maint crew gained access Oct 24th through an unlocked window, and changed the locks.

@BJ Henderson As Charlie said.However I would add that if those sellers have bad debt (behind on taxes, mortgage, the like) don't attempt to do a Lease Option.