I have had a contractor doing roofing, siding, handyman repairs, etc. for 4 years, and we've built a good working relationship.

Two options to consider are; 1) making an offer requesting the bank to repair the foundation.

I think they tend to buy based upon the price and just figure on making the repairs in the future with no regard for the cost of the repairs.

After repaired value is a concept that delineates that repairs are needed to capture a higher percent of the retail price range sometimes decreasing marketing time as well.

I understand I need comps to determine the ARV, after repairs, correct?

She said with higher coverage, there would be a much smaller chance of the umbrella policy being used.Renters Insurance:For example, in case of a fire that causes $20k in damages and you have a $2000 deductible, does renters insurance cover your deductible, or does it cover the entire cost of the repair if it was the renters fault?

Best guess Value + repairs = Best guess for ARV?

Some of them went way over budget on their repairs and ended up not making a profit.

Owner Owes $85,000PITI is $794.00.Owner lives in another state and home is vacant.Our Strategy:[/b]RESIDENTIAL LEASE WITH OPTION TO PURCHASE AGREEMENT©I believe the RESIDENTIAL LEASE WITH OPTION TO PURCHASE AGREEMENT© is the Agreement used between ourselves and the SELLERRESIDENTIAL LEASE1) Rent: $ 800.00 per month (Based on current rents in the area)2) Lease Term: 12 months, beginning September 1, 2012 and ending September 1, 2013 .3) Maintenance: Buyer/Tenant will be responsible for maintenance and repairs of the property, not to exceed $200.00 per incident.OPTION to PURCHASE4) Purchase Price:$89,9895) Option Period: 36 months, beginning September 1, 2012 and ending September 1, 2015.6) Option Consideration: $10.00 All Option Consideration will be credited in full toward the purchase of the property.7) Rent Credit: Buyer/Tenant will be credited $400.00 per month toward the purchase.8) Closing Costs: Purchaser will pay all allowable closing costs.9) Expiration: This offer shall expire on August 9, 2012 at 12:00 midnight.10) Inspection: This offer is contingent upon physical inspection of property and subsequent completion of a formal and signed Residential Lease with Option to Purchase Agreement.MEMORANDUM OF OPTION to cloud titler Tenant/BuyerWith our Tenant/ Buyer we will use the following documents:OPTION TO PURCHASE AGREEMENT© which cannot be assigned.Purchase Price: $93,000Option consideration: @5% $4650.00Rent: $900.00Lease: 12 months, renewable x 3.RESIDENTIAL LEASE AGREEMENT© Unassignable.Your critical analysis of this deal is highly appreciated.

Due to many things, I'm now behind in payments (have renters) but there is always something wrong (air conditioner) for repairs.