I typically use $30/sq.ft to estimate fix up costs.

And typically lenders like working with 1031 investors because of the static nature of their exchange proceeds.  

Erik Whiting it would be very hard to do cash in my market since it's very expensive.

In general, rate pricing on IHDA is more competitive, typically by .25% to .50%. 

To bring the building to rent ready at your standard, you need to spend a lot of money. typically you will be spending around 10k per door to get a reasonable standard including HVAC etc. 

It's full of dings, dents, scratches (I live in South Philly, nothing but street parking), missing a hub cap, and its in "crap gold" color.

They have some really wonderful colors/styles, tile has came a loooooong way and is really great now!   

Typically the leases are worded as "Starting on____and ending on ____ with M2M option after end of lease term"Let me know your thoughts or if I'm being too confusing with what I need to accomplish!

I typically like to add value by doing about $7,500 each building, $15,000 (dependent on viewing this weekend).  

(Typical Points/Interest and up front downpayment)2) What is the process like when the borrower is needing a draw to pay for work completed?