That residential condo rehab project may require a low initial get in now amount and additional purchase money deposits as construction proceeds.IMO, I can make the argument that this is not financing a purchase, it's an agreement to save toward the sale price and when savings are sufficient, or at any time, the seller has the right to close.I'd say a lender would buy this more so than the lease-option as to the due on sale clause under the argument just mentioned.Another plus for the purchase agreement is that a buyer may agree to pay for improvements or repairs necessary!

Originally posted by Bill Gulley: Reader's Digest version; In time By management through or by; changing use to higher and better changing external factors that lower value increase utility make improvements changing perceptions of/for use increase competitive advantage through regulatory changes for competitors accelerate debt service reduce expenses-increase income The end :)Thanks Bill.

@SCOTT WALKER I love land, but I deal specifically with improved lots in established subdivisions and I have tried to stay away from your kind of land (see my interview - podcast #41).

I also agree that the "pride of ownership"/personal touches improve the retention to some extent, but we'll see..

If the answer is yes, I would only make cosmetic improvements that yield a higher rent.

You actually can, IMHO, learn a lot about construction and home improvements by reading.

The CFD was generally accepted in allowing the buyer to encumber the property in some areas, such as contracting for repairs or improvements, allowing the buyer to provide maintenance and making improvements.

I would suggest looking into your competition and see what they have done and how you could copy some of their ideas and then improve upon others.Good luck and I'd love to hear how it turns out.

We have owned it for almost 2 years...Purchase Price $44,000 Improvements $36,000 Total Cost $80,000.Current rent $950Mortgage $776 month (ten year note P&I)Taxes $60 monthInsurance $30 monthCashflow $84 monthCurrent Debt $76KEstimated Value $130KThe casflow isn't very good but I have about a 10% return of my actual cash invested in the deal.

Not sure if you have any desire to got that route, but it might significantly improve your cash flow.