.💡 How do you keep rehab costs under control and avoid surprise expenses?

Now, I am going to tell you about what control you do not have and what control your syndicator has.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

I know STR's are tough due to the tourist license's being heavily controlled/shut down in Barcelona.  

You could structure a low down payment with interest-only payments for a set period, then refinance later.Master Lease with Option to Buy – Control the property now, generate cash flow by leasing it, then buy once it's stabilized.Sub-To or Wrap Mortgage – If there’s existing debt, you might be able to take over payments or structure a wraparound mortgage to benefit both parties.Hard Money or Private Lender for Reno Costs – If you secure a seller-financed deal, you can use private or hard money for the rehab without tying up your own capital.BRRRR Strategy with a Bridge Loan – If you can get the purchase price down, use a bridge loan for acquisition and rehab, then refinance with DSCR or conventional financing.Would love to hear more details to help structure something solid.

The bloated and wholly out of control Fed is long overdue for a “correction”.  

.✅ Master Lease Option (MLO): Take control of the asset with an option to buy after stabilizing revenue—especially useful if the property is underperforming.✅ Equity Earn-In: Offer the seller a minority stake (e.g., 10-20% ownership) instead of cash up front.2.

His disciplined approach demonstrates that opportunities persist for those who understand their market and control costs.

For more information, contact the Philadelphia Commission on Human Relations or the Fair Housing Commission.Bed bug control responsibilitiesLandlords must develop and follow a bed bug control plan to prevent and control bed bug infestations.You must give tenants:An informational notice from the City of Philadelphia about bed bugs and landlord/tenant responsibilities.A written description of bed bug infestation and remediation in the rental unit within the preceding 120 days and of any ongoing remediation.Within ten business days of receiving a written complaint about bed bugs in a rental unit, you must hire professional pest control services to investigate the complaint and begin remediation if an infestation is found.Remediation services must continue until there is no longer evidence of bed bugs in the unit.