I am making sheets for running quick numbers on bigger units and was wondering if anyone had a rule of thumb for rehab costs?

@Jo Ballagh I would return the rent money since you were able to quickly find a new tenant and the tenant left the property in good condition.

Sounds like a quick way to turn $15k into $50k.

If not, I'd strongly encourage it. 

My point is we need ideas for quick capital...but thanks for your help!

There are still deals you can get in the area, you just need to move quickly or they are gone. 

Quick access to Ballard, Wallingford, SLU, Downtown, Belltown, Greenlake, and Phinney Ridge/Greenwood.

Thanks to everyone for your quick reply@Jerry Ta I will contact Jhoana@Jeff Richardson I will google lifestyles unlimited, how long have you been using them?

A successful short-sale typically benefits the borrower (homeowner) in the following ways: it can give them more time in the house (and payment-free); it is better than a foreclosure from a credit report perspective and wold allow him to obtain a new purchase loan for a new home in the future more quickly as compared to having it go through foreclosure.I would encourage you both to reach out to a local realtor with short-sale experience and have them facilitate the transaction, it would not cost you or the owner the commission as it would be paid out of the bank's proceeds.No, in a short-sale I would definitely not offer any payments to him directly that are not known and approved by the bank, you can get yourself in hot water and probably legal trouble by doing that on a short sale.

Tell them that you're a local real estate investor who can offer them cash for their home and close quickly.