Or do a combination of both!

I've had a couple deals where the repair costs were over estimated, the ARV was under estimated, or a combination of the two.This one is a good example : http://www.biggerpockets.com/blogs/2838/blog_posts/21517-stolen-kitchenWhen that happens, I always just think to myself: "When I didn't get what I wanted, I got experience"

Everything is on one meter so the realtor gave me combined numbers for all units.

The lot size is 32,000 feet and and extends from one street to another, with frontage on both streets.I know nothing about "bringing property out of the ground" although I did townhouse a duplex some years ago, creating an increase in value of about 50%.The cost of the lot with buidlings (to be removed) is 250k and the duplexes next door are 300K each, and the one that is townhoused has its asessed values increased to 400K, combined.

As for checking rents I use a combination of Craigslist, Hotpads.com and Padmapper.com.

I had hoped to combine the purchase price with 10K in improvements added to the loan, so a total loan of 25K with 10K down, which would be the same as a 15K with 3K down and using the rest of my cash to pay for the repairs in cash.

...had to run to Pick&Save, and there's a bee randy new 3/4 ton, crew cab pickup, 4x4, lift kit, with the most expensive Western combination snowplow you can buy mounted on the front...with disabled plates on it in the handicap parking spot.A middle aged couple came out of the store got in, and off they went.How in the heck can a person be disabled and climb in and out of a truck THAT tall every day?

If you have enough property and you are a landlord, it may make sense to use a combination off LLC and corporation: one or more LLCs to own the properties, and a corporation to provide rental property management services.

If the borrower is cooperative, you could also do a deed in lieu.The loan payments are a combination of interest, gain, and basis.

This challenge is typically, but not always, a combination of adverse credit issues and an immediate need for liquidity (cash).A rational borrower would not seek out a high interest alternative loan if a conventional loan were available, so in that sense, it’s not a stretch to describe a hard money loan as a loan of “last resort”.