I think a good way would be to have an in house makeready crew for minor repairs, painting, lawn maintenance, cleaning and pay them whatever is fair market for your area and you charge more for their services.

They leak, they break, they need repair and maintenance.

That is a unit that is built in the 1920’s and will need ongoing repairs.

We have 90 days to repair it to maintain coverage.

If they weren't recently updated, you can factor that into your repair estimates.No comps usually means slow to no activity in the area and that's a concern.

You need to run the numbers and see if they will work out to make this a profitable deal for you.EXAMPLE OF A GOOD DEALARV $150KX70%= $105K (What you need to sell to a cash buyer for)-$20K Repairs-$15K Your Profit-$9K Closing Costs and any Funding Costs-$34K MortgageMAX PURCHASE PRICE= $27K

When you subtract the costs for the repairs/rehab , where does the money for the repairs come from....

THe plan is to live in it for 3 years or more, making the minor repairs as needed.

In addition to repairing any sump pumps or mechanical fixes, I'd consult a contractor familiar with site drainage.

Her response was “I will get you the cma once I know the extent of your rehab to the property”.I have seen the property with my contractor and I have my repair costs, I told her what the rehab plan was but it has been two days and still no cma.