[Calc Review] Help me analyze this deal
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Longer term goal is to buy and hold rentals.
This will be a first time investment.
Unit (1780 sq ft) needs all new carpet and paint. LP is 120 - 130k, APV = 150k
I am looking to BRRR this with either 5% down (FHA loan) or put all cash offer (100k) and refinance (leave 20- 25% equity and pull out rest).
What would be better?
Not getting 2% ROI in this market (DMV) but trying for at least 1.5 %.
Will I offend the seller/sellers' realtor if I put in a low ball cash offer (90k)?