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I was just sent the insurance info that outlines what is covered but will have to get the bylaws from the association.

I thought this was my best option to get into real estate but listening to Uncle G , he says 16 units as a min for cover.

I can also send you links of my personal properties so you can see my VRBO listings with pictures and current bookings, prices and occupancy for yourself.

Based off skimming through your video and the pictures on zillow, my estimate would be mid to low 60's for rehab costs.

@Matt Shields in the long run I’m not overly concerned as this corporate entities have huge overheads and as margins get smaller and smaller they will have a tough time sustaining themselves.Small operators who work from home or small “mom and pop” offices will do better as they will be able to live from previous profits as long as they don’t squander the proceeds.If we have even a minor correction in the market, the large corporations could be left sitting on a lot of negative value inventory that will need to be liquidated In order to cover overhead and can only benefit the smaller entities with cash to scoop them up.My 2 cents for what it’s worth.

@Jesse Smith I am by no means and expert but looking at the pictures I would imagine that at one point the house had lead paint on it (hence the redness in areas) but was at one point stripped and painted over. 

They have 3 choices get their buddy to pay,  Cover his rent, find a new roommate and choice 4 is be homeless, my guess is they choose one of the first 3.  

You may also want to ask about taking a slightly higher rate in exchange for a lender credit, which can cover some of the costs if it makes sense.

So that's why you want to raise the sales price from what you are paying the seller to cover your costs.