As long as it is in decent shape, I usually leave wood paneling alone if it is in a lower rent place.As soon as you paint it, you spend the rest of your time fighting all the nicks and scraps.

I lived in 1 unit and rented the rest.

Two other issues in dealing with:National commercial lenders require 5+ units, I have 2-4Residential loans require a seasoning period usually and I'm looking to refi out of private note in <30 days

That can mean he sits on a lot of cash and is out of the market for long periods of time.RE investing is closer to a business than anything else.

Okay here goes, Lets say I purchase a tax lien and the owner fails to make payments in the redemption period and I foreclose.

Can anyone recommend a good software program for Mac that will analyze cash flow, DCSR, ROI, Cash-on-Cash return, pre-tax/post-tax, etc. over user-definable hold periods.

We do not have to accept rent during the 3-day notice period.

., etc. they may come to you with their REOs.Large banks - forgettaboutit.Ps - I bought 3 REOs (at separate times over the period of a year or so)from a local bank that is about 5 years old with 6 or so branches.

May it rest in peace.Thanks to everyone for their input.

You will either need a longer period of time for assignments or some cash upfront to close a property for a double closing.