I'm no expert here.

Materials get cheaper on specials and workers will work for less money.Not a roof expert but just my limited experience going through it.

Hey all,

In my search for the best deals in IL I came upon the Chicago Heights area. There seem to be many lower priced homes available, but it certainly doesn't look like a war zone. The houses don't even ...

Hi @Francis A. best of luck with your search.I don't mean to pull you off topic, but would you be interested in sharing the economics of your search in Minnesota?

@Doreen Chaisson and @Loren Whitney you guys seem to be the experts in this area and I have a follow up question for you.

Underwrite the tenant buyer.2) Any rent credits more than 20% will have the IRS determine this is not a lease option but a disguised installment sale.Now Texas has different laws and @John Jackson is this board's expert on Texas Lease Options.As to the OPs question, what incentive are rent credits? 

I'm not an Investing expert but I do know that adding those items ( especially the plumbing and boiler ) will make a residential real estate appraiser not ask to do a 442 or 1004D if a buyer is looking to buy with a conventional loan.A 1004 D or 442 means that the appraiser is saying something isn't up to par per fannie, fha or freddie guides and he/she will return ( at a cost ) when the items are done. 

I'm by no means an expert in the field of real estate investing, but I have been learning quite a bit thanks to BiggerPockets.

Economic factors are very favorable here: good job market, lots of people moving into the state, pro business atmosphere and low taxes.

Expert advice is needed urgently , thanks everyone on bigger pockets for your support.