First deal seems to good like maybe I'm missing something.

[Stephen Watkins]

First I've been looking into small multi-family properties to hold that cash flow.

I found a fourplex and duplex adjacent to each other owned by the same elderly couple that listed at $119,900. Did some research found they wanted out and offered 80% cash they accepted.

I have private lending lined out for the full purchase price plus $7500 in rehab carried for 18 months and still have a decent cash flow. My figures say I should be able to refi out with a conventional loan at the end of the 18 months and not even have to dip into my positive cashflow reserves.

With that information is there anything I'm missing here?