It seems you have a pretty decent deal.  

Go out and look at lots of deals especially other investors deals and pick their brain about costs and plans with the property.Developing scripts and systems is fine but it is low priority to learning the market and doing deals.

Hey guysI’ve got two private loan deals on the table.

I have learned the hard way to kindly choose operations oriented deals.

Hey BP community,I’m currently based in Los Angeles, working toward my real estate license, and focused on learning and executing creative deal structures particularly seller financing, and subject-to strategies.I know the LA market is competitive, expensive, and constantly evolving, which makes me curious:What is actually working for you in this environment when it comes to getting deals done creatively with little or no upfront capital?

The up front equity is a good deal, but why not just sell now, instead of taking losses for potentially years?   

Does anyone have a "best practice" they would suggest for analyzing deals in the area?

How did you add value to the deal?

I personally wouldn’t advise using it unless you know for sure you have a trustworthy, reliable contractor who won’t take advantage of you.

In my humble opinion, that calculator is trash for DMV deals.