Quote from @Alex Lawson: About 20% of my tenants have their rent rent covered 100% by section 8.

Quote from @Theresa Harris:  If she can get a loan to cover what she would have to pay her ex, then she'd also need to get roommates or something to help her with the mortgage payments. 

I estimate total construction costs will be around $1.3M–$1.4M.His initial idea is for me to cover the construction costs, and then we split the profit once the project is sold.How would you recommend structuring this deal?

Florida is down almost 15% and Texas is following the same path.I bring this up because at a recent meetup some investorswere telling me they are willing to pay full price to beat the competition.That's an insanely bad move right now unless you're willing to come out of pocket to cover expenses to try to keep those houses afloat.Stop speculation for the love of the real estate gods STOP.The only time you lose money in a real estate crash is when you sell in bad timing...BUT you must remember that deals are only deals depending on how they were BOUGHT, not how they were SOLD.Heck, even in Denver the smartest investors I know are buying at even deeper discounts because they know DOM are going to be longer than expected.Get better at sales, get better at marketing, don't be romantic on any one market and we will survive. 

Being that it is the slow season here in Minnesota, we are entertaining the idea of having expenses covered over the winter.

Have you noticed sellers becoming more open to subject-to transactions with today’s rates?

“beware of requirements for additional title insurance beyond the cos of the property and the buyer named on policy.”To clarify, lender's title insurance covers the amount of the loan, not the cost of the property.

I have a contractor who gave me two options:1) Do the things listed above - which is under the budget I set for the reno as part of the due diligence process2) Do all the 'must-do' items, and also replace the roof (roof is 12-15 years old but passed inspection), vinyl siding, cover the existing hardwood flooring with LVP, and upgrade the kitchen - items that aren't absolutely necessary to do now, but would increase the appraisal and reduce maintenance costs in the future.

For investing principles and deal analysis, The Book on Rental Property Investing by Brandon Turner is excellent, it covers cash flow, evaluating deals, and basic financing strategies.

Once you have the contractor picked and the final numbers, thats when you can get a "subject to" appraisal, which appraises what the property will be worth after the work stated on the scope of work is complete.