Hard Money Lender will lend up to 70% Repaired Value so if you buy it for 40-50% you can use extra funds for the rehab costs.

I am fairly new but what i have so far in my learning is that u can pretty much find comps anywhere but that doesn't mean there actuate, and as far as estimating in some book and programs they tell u to pick a number, for example what i have learned is that depending apon the shape of the house going from ugly to real ugly to junk 10,000, 20,000, to 25000 and also depending apon the size needing to be in the area of 1000 to 2000 square feet then to take these unreliable number in to this formula ARVx70%-repairs = MAO and back off slightly for profit now like i said i am new so ,but i do know this is complelely dumb for me use do gurus bring your answers and add your knowledge or subtract from this and tell us newbies how to correctly run the numbers and come up with offer that guarantees u money even if u have to flip the deal over to and end user of course that is if it sales lol...

I feel this way because vacancies shouldn't be as high and with the short time of having the property in your hands there shouldn't be to many "big" repairs.

Then, estimate the rehab, subtract that off, and you have your max price.For fix-and-flips:Find the ARV - after repaired value.

On the other end of the spectrum, when rehab projects are not under the gun, my typical day is I wake up promptly at the crack of noon.

The most you can pay is 70% of the ARV (after repaired value).

They can also download a repair form.

I also have to negotiate the offer, work through the disclosures and due diligence (in CA this is a lot of paperwork), manage the timelines with the lender and escrow, make sure repairs are completed, and that we close on time.

hmmm, sounds like a lot of credit repair company's...haha

A 24 unit will most definitely have maintenance and repairs, as well as cleaning fees and depending on your state laws you may be required to have on site maintenance and management once you start getting into that many units.