That being said.A refinance usually attracts less scrutiny than a purchase, especially when the loan has seasoned for awhile and when you are well withing the 70-75% LTV threshold.

A landlord might want to wait until a move out so they can attract a new tenant with new carpets, instead of carpets that the previous tenant had used half the time.

lolyou are so damn lucky. the last thing a contractor wants to do is come home to do more of the same work he just did for 10 hrs.also, normally a house in a bad condition attracts bad tenants. hell, i have a fantastic house right now and no applications. yet, it attracts people with a budget of $650 per month.when you have finished the house half ***, you attract half *** tenants. when you get those tenants, they dont care for the house thinking you did not care for it in the first place.i understand that you had no money, so that worked out ok for u. again... my post can be summed up in one word.... lucky.

If neither deal is attractive to me, then I won't make an offer.

The higher scoring landlords hardly get any commentary, usually just a numeric rating, but the lower scoring ones get the tenants to really vent in the comments.

This house has boring looking once twisted pieces that are not very attractive.

This will reveal attractively priced properties as soon as they hit the market or are reduced under the threshold over time.

It looks like a very attractive SUB2 but I would be a little weary of this seller/friend and the choices they have made.

If they have cash earning 0% interest; then it will be attractive to them and safe if the LTV is low.

That all being said, your deal looks sound to me from a numerical perspective(I just plugged everything into my spreadsheet and liked what i saw).