I need to take out the dryer anyway because I suspect that the dryer vent has never been cleaned, and it runs 25' feet, so it's not one of those through-the-wall ones you don't really have to worry about.I figure I'm going to have an afternoon routine once every five years of pulling out the dryer, draining the WH, snaking the dryer vent, replacing the anode, and putting everything back again.

Wall Street is going to figure out these things are stupid, pull back their dollars (think dot com bust, when investors realized that "people talking about a thing" and "actual profitability" are NOT, in fact, the same thing), and poof there goes DSCR, before you know it you have to squint to tell DSCR rates/fees from HML, and at that point why not just save the hassle and get a HML?

Now add in the $ relocating from Wall Street into Main Street via the "Gold Rush" in SFR funds happening today.

If the walls are open, you will want to replace the pipes with PEX (most likely).

"A.CANCELLATION: Buyer retains the right to cancel this agreement by delivering written notice of cancellation to Seller before Closing Date or the date when the deed is delivered to Buyer, whichever is earlier, and any earnest money will be refunded to Buyer."  

Purchase Price: $65,000Projected Repairs: $80,000Projected ARV: $225k - $240kRight now I am finalizing our budget numbers on this one but the scope of work needed on this is as follows:- New siding- New plumbing & electrical wiring- New Roof (30 year composition) - New Front Porch & Portico- Replace rotted wood on small addition for the hot water heater- New Site Built Cabinetry and Extensive Crown Molding trim & builts- Open the Dining, Living & Kitchen walls to one another (Open Concept)- Increase the Living Room ceiling height to 9.5 feet- Sand & Stain floors- Replace (1) window (Amazing enough ALL the windows are in STELLAR condition!)

Under the fiberglass base or in the wall turning into mold. 

Again, retain your own legal counsel because I cannot give you legal advice.

Or does it have to all come down and be dry walled?

What have I done so far: So far I've found a few deals, asked agents about them, and when the agent says who are you working on finance through I hit a wall. 1) I haven't been pre approved by anyone. 2) It seems during all of these podcasts/videos on BP they say "just make an offer" so I get tripped up when I actually get asked where's the money. and 3) well..