So it's been a few days since I've taken the time to invest in writing on the posts...so for those interested in the numbers on this deal, here goes:The list price was just under $600kMy first offer was accepted at $200kMy two partners and I each invested $20k to purchase the property (1st mortgage)We took a second mortgage of 5-years for the construction (rehab) loan totaling $250kCounty assessed the property at $750kThe fair market appraisal was $450kWe developed a 3-phase rehab of the property which included p-1 to replace parking, repair all roofs above spaces less than 6,000 sq. ft.

That's a fair question.

I a, also fairly new to the site but currently working on acquiring more rental units in Buffalo and the surrounding suburbs.  

Hello all,I am looking for a good custom cabinet shop/carpenter that can install custom/semi-custom cabinets (plywood,usa made) for a fair price in the Atlanta area. 

Writing an offer is pretty straight forward, especially all cash.

I have experience buying at auctions in NJ, but the system here in CA is fairly different.

For example if your family occupies two apartments of a 4 unit building, you could each offset your costs with the other two units, and it's still fair for everyone.  

I am fairly new to BP and in search of my first acquisition.

Karen, I would bet that the capital improvements are going to raise the fair market value of the property by as much as, and probably more than, they are going to increase the basis.  

Hey Daniel Cuevas I'm fairly new to investing as well.