That comes out to about $17,857 per property which is right in the range that Danny is dealing with here - for which Danny is looking to improve upon.

While this sounds great at 1st, and might be just the thing for turning a home into a rental, my fear was that we weren't going to be able to do enough to improve the value of the house to appraise to the ARV level that suited the surrounding recent sales.

Here is what I would think to ask for:Copy of note and deed of trust documentVerification of payment historyCopy of HUD statement for original purchaseStatement verifying types and amount of improvements/rehabs completedCopy of latest real estate tax bill Copy of hazard insurance policyVerification of title insuranceI am assuming it will be up to me to pay for the BPO appraisal.

And I'm not positive, but I think the 120% rule within 90 days applies only "without substantial improvements".

I'm on my second duplex that I bought to live in, improve, and then rent.

Must be improving faster than here!

Additionally, we do make a commission when our users go through the link, but it is these partnerships that help us operate and improve the site.I hope that helps!

While I don't see this area depreciating, it is an older area that I don't see much growth in (other than the economy continuing to improve).

It's so ridiculous they don't talk about how investors are taking houses that have been sitting vacant, improving neighborhoods and values, and working to make areas in Las Vegas (other than the strip) attractive, and believe me there are a lot of bad areas.

Turnover cost, maintenance and repairs, reserves for capital improvements etc etc.