Also another question, how does the typical 70%ARV-Repairs max purchase price do in Miami, is it even possible?

It's almost like a 1031 but it's like putting the cart before the horse in the typical sell-buy scheme of things.Thanks in advance for your patience with my basic questions.

I want you to connect with me via this site, email me, call me, let's get together and have a cup of coffee.

One of the suggestions was a hotel style unit that is installed in the wall, typically below a window.

I don't think you'll get the same kind of cash flow you typically see in the "hot" US markets.

If appreciation is your play, then you must pick the area that will appreciate better and as you eluded to, typically, that is the area closer to the main city, but not always.

Providing this in a typical transaction provides the buyer 7 days to back out of the contract for any reason after receiving it.

If you paid 100K for the property and expended 25K in initial capital improvements, then use 125K as your cost.Going forward, you would put together your operating forecast/budget to include all the typical expenses: utilities, property tax, groundskeeping, admin, marketing, etc along with your allowances for vacancy (8-10%), maintenance (10%), and property management (7-10%).

The borrower will struggle to justify the amount of fees (legal and recording fees typically run $1500+) he will have to pay for what is a relatively small sum in the rehab world.

Keep up the good work and now that you made a profit, buy some cups.