We typically do trim, doors and ceiling in one color; sometimes kitchen in its own color; sometimes all bathrooms in another color; and then all the remaining interior walls the same color.

The other's are correct, finding flips in OC THAT CAN MAKE A PROFIT is tough.

To follow on Ned Carey he is correct that the asking price is not indicative of the purchase price available.

I just inspected a property yesterday, and got my first real look at it.Here is the information:Asking Price: $15,675On the Market: 79 DaysComparable Comps: 25-35K (I believe this to be a little low right now (The area just a few years ago was roughly 55-65K)Expected Rent: $500 to $600I did not factor in Closing Costs, but I figured a $7,000 bid offer with a contingency for inspection.Since most of my cash will be used up in the initial purchase, I plan on using the property as collateral to secure a personal loan for $12,000 at 7.5% (Not sure if this is too high) over 5 years.I assume that I got the COC correct?

@Jacob Chaney @Wayne Brooks is correct, you will probably need to merge into one lot.

Ky If I remember correctly you are buying a 100 unit in the Carolinas from another post you made.Your attorney who might be well versed in contracts will not have the knowledge that a commercial broker has unless possible they are an investor themselves.Doing contracts is one thing but being in trenches transacting deals is quite another.Is this property currently vacant, 50% occupied, or 100% occupied.

Glad you are back at it.If you are taking on an investor/partner, then you want to structure the LLC with the correct operating agreement.

It appears the breaker is working correctly, a space heather pulls 12.5 amps alone.I would check it with a amp meter without the heater/blow dryer then turn it on and see the max amps.

Dana is correct, Fannie, Freddie, USDA, FHA and VA will assume to be QM following those respective guidelines.Ratios can still go to 50% with compensating factors and there are exemptions for regulated lenders where the assumption will be made that a mortgage falls in the QM guidelines or they may originate a high risk mortgage with limiting loan conditions.

I was told that there are crucial elements of investigating a property before even attempting to buy it. What is all the pertinent information I must know before I purchase any property? I know that I will need a t...