I thought from what I had been listening to and reading I should be okay, but I get the feeling I'm missing a lot when the first listing I see appears to be a deal if I could get it for a few thousand below asking (based on some assumptions).Can you please tell me what I'm missing and/or should be looking for with the below "deal".12500 E 34th Ter S,Independence, MO 64055http://www.zillow.com/homes/for_sale/Independence-...List Price: $39,900ARV: $80,000Max Allowable Offer: $36,000 (70% ARV $56,000 minus repair cost $20,000)Total in the deal: $60,000 (MAO + repairs + transactional costs $4,000) Profit: $20,000Now that I do the numbers I can see that if it does actually require 20k repairs (mine above was a guess, tough to do a repair estimate from Australia) for a potential profit of 20K there's not that much in it.All thoughts and opinions are very welcome.

You'll be left with people who are either best-in-class (and expensive), or finely tuned ********ters who are slightly less expensive but won't get the job done.Also ask for licenses and insurance information.

Here's the listing on Realtor.com:https://www.realtor.com/realestateandhomes-detail/2-Algonquin-Ter-14611_Rochester_NY_14611_M39354-64031Adams:  3-plex with two 1/1's and a 2/1.

It's WOOSTA, not "wer ces ter" for pronunciation.

IE I have a partner that will buy it when in fact you don't and your hoping to flip it to someone you probably have never met.. so you start the transaction off with a fib.. and its hard to come back when your put on the spot.. some folks are born ********ters and can work right through that no problem because they could careless what the seller thinks.. others would be sensitive to this as I think you are and have learned... best to be straight up I would have a written doc outlining your process that they sign.. so there is no confusion and you don't get accused of being a pimp.

@Chris Attiliis The project is on Chadwick Ter.

2 months ago, I bought the house in 1403 Byrere Ter Sw, Atlanta GA 30310 & pass to the property management to follow, what I want is after renovation & to to rental market.

Something on a short term, or planning on a short ter, I suggest you ask up front what they will want to roll it over.

Regardless of which areas are hot(ter), be reminded that all multis needed to be registered with DHCR and they require a New York City address and phone # for a property manager that can be reached 24 hours a day. 

@Christiaan Ter Haar.