This is my first deal. Would love some input! TIA
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This is a wholesale first - come first serve deal. Built in 1924. There's black mold on the ceiling in the hall. Don't have time for a full inspection. 1.5 blocks from High Point University. I'm assuming the water is coming from the roof.
The funding is coming from my lines of credit. My husband is selling his business and will look for a W-2 job, so the refi will take about 6 months which is the time we expect him to be fully employed.
Based on my calculator input, does this looks like a good investment? Thanks so much.