It needs all the finishes to be installed (most of which I've already purchased -- floors, cabinets, counters, appliances, vanities, sinks, faucets, lights).  

I would also suggest installing a security camera so you can document anything.

Ask if an installment sale will work and be the most optimal way to achieve both your and your father's goals.

A lot of money is spent getting approvals, engineering, installing roads, utilities, etc.

Some of the rehab was done by us, like interior and exterior paint, and the installation of the doors , it was a great experience and the beginning of our real estate career as investors.

@Eric Ippolito  first it takes Capital to fund the due diligence process and bring the project to shovel ready but the following steps are free and are done by you to determine feasibility.Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes,fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.

I’ve had BP a while but only installed the app today.

If you want a 'as you go' type of a payment, then break down the tasks to something like, depending on your tasks:demo complete XX$rough electrical and plumbing signed off by building inspector XX$drywall complete, building inspector sign off  XX$paint complete, cabinets installed, BI sign off  XX$final plumbing /electrical BI sign off  XX$final BI sign off on entire project, permit closed  XX$punch list complete, final payment, if done by XX date, $ XX bonus.Just FYI, I work a lot with a specific GC and actually pay him his cost plus 15%, but I also know that they get a good price, not milking it to get more off the 15%. 

Nontheless I have no way of telling if this was due to a stain out on carpet prior to its installation or honestly after I moved out (I find it fishy there was no abnormality noted on the pad or the pile) I went thru the pile w regular light and UV light as I did previously in my rental since it tells the whole story and found no abnormalities prior to or after steaming the carpet.

- Class B property in Class B+ location with 8% below-market rents- Previous owner mis-managed the property by running costs too high- Value add: Renovate 10% of units, Install smart home packages, Implement valet trash, Install kayak dock on lake, Upgrade clubhouse and on-site gym How did you find this deal and how did you negotiate it?