So, you could just increase the cost of the project to pay for this repair.

@Jay Hinrichs used to be familiar with Jackson if I remember right. 

Have you looked into Ohio? 

Purchase price: $145,000 Cash invested: $8,000 This 2 bedroom Condo with a garage was fully renovated by the owners before moving into a house and holding it for a rental since 2001.

To me, this is one of those short-term deals where the actual rehab costs need to closely align with the borrower's estimates, while the execution of the project from beginning to end would require little to no problems or delays for everyone to earn a decent check.

Also, when using a purchase-seller agreement, what should you include in the contract in case the buyer or seller decides to back-out at the last minute so you are not stuck with the "bill"?

This is in Ohio State. 

It's got 3 units with 3 addresses assigned by Zoning enforcement, although zoning still saying the use as a triplex is nonconforming.  

The benefits of selling as a portfolio is that when you do a 1031 exchange, you won't have to coordinate the sales of multiple properties, And this would minimize the amount of individual exchange fees. 

I would like to have a loan calculator in order to do offers with out using mortgage broker before have accepted offer.