So, I will never be able to tell buyer what exactly it will cost them to fix the property.

Don’t forget to include carrying costs, capex, and the time value of money—sometimes a “cheaper” conversion ends up more expensive if it stretches your timeline.To tie it together, here’s a short action plan I’ve used on successful projects:Do a lender pre-flight before you lock your TIC structure: send a TIC-savvy lender your draft agreement, insurance, budget, and a quick building condition summary.

DST is backed by exact property.

Almost by street and in some cases exactly that.

@Tajana Reagan in general when doing high LTV loans the largest thing that seems to come up in my experience is appraisal issues, not always with the value but often with the condition. 

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

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They would have just done it the quickest way possible with the door facing the wrong way, the outlet left in a dangerous condition, and the floor not level.  

If anyone is looking for detached town homes or condos using zillow, search under houses then put these key words , its not exact but gets you closer.detached townhousedetached townhomefree standingpatio homezero lot line

We are still working out exactly what the exit strategy for me will be, and we are working with a Real Estate attorney to make sure everyone is protected as best as possible.Where I could use some support is finding a lender that will do a joint VA loan with a non-veteran, non-occupant.