Property Details: Location: Long Island, New York Purchase Price: $330,000 Down payment: 3.5% PITI: $2,450 (Includes PIM)Invested Capital: $65,000Appraised Value: $425,000Rehab Overview:Main Floor: Living room and bedrooms: repainted walls, added base and crown molding, cleaned up framing around doors and windowsFloors: sanded and stainedBasement (apartment):  Demoed entire spaceAdded a kitchen, bathroom, washer/dryer room, and legal master bedroom (Egress Window)Tenants Overview:I found my tenants using FB marketplace.

During the process, he started working for a company that sends him to properties to give repair estimates - Windows, roof, flooring, etc.He was trained before going out into the field alone and now has a pretty good grasp on rehab estimates.

If they don't like any of the cash offers, you can then convert that seller to a market listing.

Many loans require a year of owner occupancy, but for renovators or flippers there is often a 60-day or 90-day window where you can't sell right away and therefore, can not double close.

It is kind of like when over the air TV went digital, & everyone was getting digital converter boxes for their TVs. 

Also, please ensure your property is in a Zone where you can convert to the number of units you plan to create. 

I can even look in windows, but that doesn't mean there aren't animals living in the attic and concrete flushed down the toilets. 

However, some suggestions:  rent a junkyard dog, hire a patrolman, motion sensor high beam spotlights, board up all windows and doors with 3/4 plywood.Seriously--just try to harden the property and let the neighbors and local precinct know about your concerns, and provide a contact number. 

It needs a new roof, currently runs on oil (needs to be converted eventually), but both of these jobs are well over 150k which we dont have.We met with a couple younger kids regarding marijuana facility since they grow it in a smaller facility.

We ended up converting the half bath into a full bath and installed a drain in the rear screened patio after noticing some drainage issues.