What part of the world is this rehab going on?

I would also add 19106 (Olde City), 19107 (NW center city), 19104 (West Philly, U of Penn and Drexel campus), 19122 and 19122 (Temple U campus), 19130 (Fairmont n Spring Garden).

A great commercial local bank and banker that you know personally can open many doors I know it has for me.I am very old school. though.. other than having my account on line..

Plenty of charity landlords in the world charging below market rent, some lamely attempting to arguing it is a good business decision.

So in a perfect world I would...Buy it for $950K (max)Immediately wholesale it for $1.05 million ($100K profit)New buyer can put $150K into it and sell it easy for $1.4 million.

In my perfect world, I would get to the point where I would have my stocks, some rentals, and some notes.

Current furnace was installed in 1987 (very old) and it’s forced air furnace (no radiators)Any recommendation on what I should do?

@Chris Seveney  @Mindy Jensen    Mindy can you run this up the flag pole at world headquarters.can you guys develop an easy PV  for note investors .. a simple to use calc. to help these folks who are trying to determine what to pay for a certain yield in the note space.. ??? 

What is most challenging: No Cashflow, Stiff Competition, seller's think their old condemned house is worth as much as everything new. 

I have always been hesitant on buying old properties although they tend to cash flow much better. thank you in advance!