There is a lot more than structural/electrical work that the property needs like appliances, many cosmetics and two furnaces are ~10 yrs old.The property could bring in 4300-5000 gross rent (500-600 per room is market) so the value is there but when I add up the 25% down, cosmetics updates, appliances, furnaces, and *basic structural work totaling at least 25k* I lose interest.Initially the sellers agent implied they would be willing to do the work (the agent is the owners daughter and he's apparently a big contractor).

My 24 year old daughter has been trying to qualify to buy anything here in Denver/Metro and everything is too expensive.

Also, if you can get the to "commit" to a dollar amount should that type of deal become available it will just make you're life easier in the future.For example, if you tell them that you're looking for 100+ units, in these 5 (hypothetical) markets, that's 1980's built or newer, 3-5 year hold, an 8% preferred return with a 70%-30% split over that, and should return 6-12% COC and a 15%+ IRR to investors...than when you bring them that deal they're already mentally prepared to expect that.However, if you just told them you're looking to invest in a 100-400 unit multifamily building soon and are they interested?

It is my understanding (via lawyers) that the note has to come through an individual with reasonable and professional responsibility for the mental or physical care of the individual..

Mentally you should ready yourself to stumble but always get back up when you do.  

Wow- I could only dream.The bottom line is you must have set rules in and out of a lease and when those rules are not being followed you must address it immediately and with conviction.I will tell you right now- my ex tenant thinks I am a big jerk-head because I did not allow her daughter, grand-daughter and baby daddy move in with her.

This was a property inherited by a daughter from her father, vacant for 1 year with new development on the streets to the left and right of the property. 

         Hello, this would be my deal I am a newbie to wholesaling, I am working with the daughter has power of attorney of her moms home, in which  it has been sitting abandon for several years, property has a reverse mortgage on it, and is in mitigation, I called talked to the bank, I explained the my intent to purchase the property, although it is trashed, area is not the same as 10yrs ago, different culture, the homeless live in surrounding the area, area has the highest crime in the city, zoning has also changed, it is also H2S, in which allows housing for farm workers.

LOLBut I used to fume when I would get these encrypted e mails could not figure out how to open them etc etc.. started with my bank.. and a few title co... problem is I am sure with most title companies is more people are like me than not and they simply can't figure out how to open encrypted stuff.now when U bid on auction . com for instance and you win.. you have to go through a very long complicated process to even open up the documents.. they get info from U from public records and run you through a series of questions.IE were does your mom live or lived.. were does your daughter live.. what counties did you own property.. ( this one gets them in trouble since we own in probably 50 different counties LOL)..but no more I follow protocol and I no longer get frustrated when they are trying to combat wire fraud.

Keeping in mind that rehab project is for the experienced investor who has good cash in hand and mental toughness handling difficult situations.