After the work is done and you get the lien waiver you can pay them the full balance. 

You will find the right balance soon enough. 

but lenders also want cash down.so to get a 100% funded deal its got to be a screaming deal other wise it wont cut it at underwriting and so those with no money to put down and beginning find it difficult to find those deals in todays market.. so they end up being out 3kso its not nothing down its 3k down until you get a deal . plus you should check i believe there is a submission fee.others have reported this site that they paid the 3k and paid multiple submission fee's and never got funded. so they are out thousands for this no money down loan.now to be fair and balanced i dont blame the lender for being very tight on underwriting .. but its Caveat Emptor for sure.

I don't need much help with the "micro" a.k.a cashflow analysis, but more the macro bigger picture to see if a market is worth it to enterSpecifically:#1 What factors do you use to analyze or determine the # of units that are in my criteria#2 What factors do you use to determine the larger demand from potential tenants interestedEssentially what factors or KPIs do you use to determine the right balance of demand and supply within a given market?

It helps clear things up a bit when balancing all the tedious details than come with an investment like this.Best of luck my friend!

My number one best all time creative financing of a property that I ever did was for a purchase of a empty lot two blocks from the ocean in Long Branch, I was reading the local auction list in my city when I noticed a property that at auction two weeks before that opened at a starting bid of $25,000 did not receive one bid, I went to the auction thinking I was going to pick it up for $10,000, I get to the auction at City hall and when the bidding started for this particular property I waited to see who was bidding, a man started it and I waited until nobody bid to start my bidding, well this man really wanted this property and so did I, when we were at $50,000 I started to try and knock him out by bidding in $1,000 increments instead of $100 increments, every time I bid he bid a $100.00 more, this went on until my winning bid of $66,700 and it was now mine, now if you don't know much about city auctions you do not walk around with that kind of money, a 10% deposit is what this auction required and they give (I forget the exact amount of time maybe 30 to 45 days to pay in full) now comes the creative financing part, I take my high credit card limit at the time of $72,000 (I saved all the 0 % introductory rate checks if paid to another credit card balance transfer and pay off another credit card that had a small balance of $1,000 and overpay the bill by $68,000, the overpaid credit card company sends me a over-payment refund check for $68,000 (that is 0% for six months being that it was a balance transfer offer of 0% for six months) I pay in full for the property within the time allowed by the city, (this was in 2003) I refinance another property that I increased it's value with the creative equity work I put in and got a favorable appraisal that allowed me to park the debt into a 30 year mortgage, the empty lot sold in June of 2006 for asking price of $229,000 with a profit of almost $150,000 after commissions, property taxes and maintenance/lawn cutting.

Sometimes it’s a balance because you want them to show up again and finish.

Here's the good news, if you buy at a 10% Cap Rate, spend $100k to get the utilities split out and drop $50k/year off your balance sheet you'll add $500k of value to the property - half a million, Kathleen!

Property Info:3 BR / 1.5 Bath / 1200sq ft Bought in 2017 for $163500 Down payment of 5% + $3k in closing costs30 yr FHA loan @ 4.375% Remaining Principle Balance: $145kMonthly rent: $1500 Vacancy: it’s never even had to go to market to fill, but I’ll say 1%/mo just to be safe Cap Ex: I bought it freshly renovated, but I’ll use 5%/ mo to be safe Repairs: 5%/mo to be safe, but in 3 years of owning it I’ve probably spent $100 total on repairs.

It's a balance that more experienced investors with money know how to walk better, but a lot of first timers are just doing it because they don't have money.