"Home needs cosmetic make-ready, new roof and hot water tank.

I have not personally done this but have worked through mock models of a similar deal in CCIM courses.  

I live in a pretty hot market so I always look for off market potentials via direct marketing.In the past 2 years I have had an every 6-8 week marketing campaign for some SFHs that ultimately went to other investors.

I am a long time real estate investor in the Buy and Hold Model.

My wife and I door knocked last Saturday. A few days later we got a very receptive response from an owner who we had left a brochure at the door. They were interested in getting a cash offer. The next day all communic...

I would assume you would want to budget for roof 25 year life span, hvac 20 year life span, appliances and hot water heater 12 year life span, bath and kitchen remodel 15-20 year life span, etc.

This should smash the myth of the idea that you have to live in a warm tropical vacation spot in order to make this business model work.

I need to build out a spread model, color code it and save a template.One of my biggest concerns in the situation I have is my experience is limited so I struggle making realistic projections for reinvestment opportunities.

I’m also trying to determine the value of a model home in this condition and what the value would be after minor repairs (cabinets, appliances, etc.)

@Richie ThomasThinking through this after what you mentioned I think the owner is scared to sell it outright because he would be in hot water due to the condition and the tenants are likely not safe to what the county would expect.