A 1985 construction, 2000 sf house that costs $400,000 in a more desirable part of town is going to have similar repairs to the same house in a less desirable part of town where the same house costs, $50,000.To me, houses should be graded like bonds or stocks.

If you are serious about the property, find a local structural engineers that specializes in residential construction and preferably rehab.

Have you or @Matthew G. considered buying new construction in Orange County?

I bet you got a lot of good nuggets out of them!

I'll bet some threads will pop up.Private money is found through relationships, show your track record and experience.

Specifically, the turnover one about if he kicks everyone out at once, the question about construction loans and #1 investor question when he talked about the importance of the property mgmt team.It's the 1st podcast I've listened to and found it incredibly insightful.

You may be able to find a smaller local/regional portfolio lender that might do it but I'll bet good money you won't get anywhere trying this with like BofA or Wells Fargo and the like.If you are going to try to pay off all the private financing it is much more realistic.

I bet if you posts the address on this thread you would have the perfect rent confirmed for the house within 24 hours.

I am thinking one of the construction experts might chime in with more information but that is my understanding.

I have no experience in real estate but i have some skill in plumbing, light construction and other areas.