The work doesn't have to be showroom perfect and I'm always amazed at the equity that can be created by making necessary improvements without paying retail.

They rarely perform well.

I've saved clients tens of thousands of dollars in what they would've had to pay in remediation by performing an inspection prior to their contingency period ending. 

There's nothing wrong with that, but I am of the opinion that if one is after better performance (often associated with better built), then one is wise to look not only at the thermal performance of the glass, but onto the Performance Grade of the unit as a whole.  

They could learn that FHA will finance up to 4 units, get all their income documentation in place, get their credit score improved to the proper level, get the seller to do the required repairs, get funds properly gifted for their down payment, contest a bad appraisal and get it revised, and think their good to go......then they find out that while FHA finances up to 4 units, they have to be owner occupied, and the buyer can't do that so the deal is dead and all the work was for nothing.

Low initial investment that I can make some minor improvements to and rent without feeling like I have a ton of money tied up into it.Wilson, Yes the taxes are really high.  

The financing was 25% down, 7% interest, 25yr Am, and a 6yr balloon.All three parks are performing at or above a 30% CoC return at the moment.  

Hi Maryland Locals,We are looking at buying a non-performing mortgage in Marriottsville, MD.  

I am researching flipping market and i can divide it on 3 segments:1. rehab - when someone gets ugly or under condition house, puts a small money to get condition shortly and sale it as soon as possible - a small profit, high dependence on purchase price. in this case we earn on buying.2. improvement - getting old or cheap house, puts more money to get more expensive house which we can sale for high price and get more profit. in this case we earn on buying and improvement to get highest price among around houses in that location3. re-building or building new one - when we destroy old and build new house. in this case we earn more profit when get something absolutely new with highest price.

I pick up the benefit of improving the property, the year-end tax write-off, and the tenants feel they're appreciated that I listened to their needs and addressed them.