If you intend to purchase for 375K and put another 80K of your cash into repairs and later want to perform a cashout refinance you will need to make sure the property appraises for an after-rehab value of 650K assuming you can find a lender to lend at 70% ARV.(70% of 650K is approx 455K which is the 375K + 80K; to keep it simple I left out closing costs, carrying costs, marketing costs, etc)

The beauty about cash out refinance is it's a tax free pay day.

You can hire contractors, you can fire them when they don't perform, you can call them up and cuss them out all you want.

The models are all over the board...try to find something that is already rented and performing or has a rental guaranty from the provider.

They come there for vacation and make fresh meals with food and herbs and enjoy the beauty and peace of nature with the streams and woods.I have been meaning to visit him again but have been really busy.

Flash forward to the first house that my wife and I bought, roughly August 2007, in Newton, KS - a beautiful, wood sided Victorian house built in 1910. 18 months later, my wife and I were laid off on the same day from the same company, with our 6 month old daughter in tow.

In theory, you could undertake legal action to make the seller "perform" on the original contract you had.

Is the work performed by California agents 5x that of the work performed by Ohio agents ????

Another issue is a tenant is still restricted to the use of property, making improvements and other aspects that require an owner to perform, like in contracting and obtaining building permits.

@David Wiebelhaus The selling agent will usually say anything they can to get you to buy to be honest, so I would pay close attention to performing my own due diligence.Moving along, I think the numbers look alright.