. $850 Landscaping = There are weeds between rocks so we will have to remove rocks to get get to them.

Thank your lucky stars the appraisal came in where it did.  

A good place to start might be 15% to get things rocking. 

You guys Rock!  

I'm ready to rock 2015!!!

Once the framing is done, then once the plumbing, electrical, and insulation is in, then after the rock and paint are done.... its a lot of steps but it should keep small chunks of money going out instead of a large percentage upfront.

If there are really four legal units, it might be OK.Watching HGTV is NOT a good way to get educated about TV any more than watching Star Wars is a good way to get educated about science.Here's my quick and dirty analysis assuming four units per building:Propertyprice: $200,000 rehab: $0 rent/unit, monthly: $600 units: 4price/unit: $50,000 gross rent, monthly: $2,400 gross rent, annual: $28,800 cap rate: 7.2%Financingdown%: 20%rate: 4.500%amortization, years: 30down: $40,000 loan: $160,000 pmt, monthly: $810.70 pmt, annual: $9,728.36 total cash investment: $40,000.00 Analysis with property managementexp ratio : 50%NOI, month: $1,200 cash flow, month: $389.30 noi annual: $14,400 CF annual: $4,671.64 COC: 11.7%Analysis with self managementexp ratio : 36%NOI, month: $1,536 cash flow, month: $725.30 noi annual: $18,432 CF annual: $8,703.64 COC: 21.8%

Thank YouReal Estate Rocks

Rock bottom rents, massive vacancies, tons of board ups, drug activity, violent crime, etc. 

I'm looking at Little Rock, Memphis, and Houston.