It's a small deal and worst case he makes about 5% on his money in no more than a 3 month period of time, best case he makes about 11% (which, again, is net after acquisition, cost to flip the property, real estate fees, etc.)And yes, I'm fairly new to this so I am open to any and all suggestions on how to structure this.Thanks!

They're most likely to look at hard numbers, give conservative estimates, and put me more where I need to be.I like to talk to Realtors a little later in the process, once I have a pretty solid idea of a ballpark - this serves as both a 'secondary check' and a good time to discuss the level of finishes that are appropriate for the neighborhood.I also would bring the same realtor BACK in at the end, so they can give an accurate pricing point at the end of the day.If I knew a good appraiser, I would bring them in after I was already about 80% sure I was going to be involved the project (likely in the due diligence period).

The lease should state when the rent is due and what the "grace period" is.

The cyclical areas would be better suited for investors looking for larger gains, but over a longer period of time?

. - wanted the option to do some renovation during lease period. the owner has countered with: - $70,000 purchase price (full list price) - $5000 non refundable deposit - $700/m for 6 months and 3 month extension. $100/m going toward balance - can do only cosmetic work during lease period, no structural work allowed.

I'm also certain that there are people in jail for bank fraud for schemes or thefts for some pretty petty amounts, a bank employee here got a year of housing plus a probationary period for ending up with less than fifteen hundred bucks of the bank's money.

Here, on a residential lease, we are not permitted to request or collect rent further in advance than the next rental period.

Also ask them about seasoning periods, loan to costs (LTC), and loan to value (LTV) requirements.

If there is no inspection period, yes.

There is a 6 month redemption period according to the SD.