On the surface it sounds like you will be ok.

On the surface, that sounds like a good opportunity.

From the surface this seems like a pretty great deal, almost too good to be true.

Is it because they are just fashionable - or are they really inherently better?  

Account Closed be careful using bleach on surfaces like wood and drywall, it does not have the same effect it has on contertops, tile, or glass.

But, in general, I've organized the book in a step-by-step fashion for how I believe a new investor should approach their first deals.

Do you look for websites and technology, or do you prefer the old fashion, fax/phone/email spreadsheet?

You should definitely have someone lined up who knows your numbers and is on board with your plan, even if it does end up taking several months or longer for the property to season before they'll do the refi.On the surface the numbers look workable in that you meet the 1% rule with the purchase price (though not the ARV, assuming it would also be around $300k, which is admittedly less important from a brrrr perspective) and could conceivably get all your money out with a clean refi at a realistic LTV ratio.  

But while they didn't trash the house per se, every surface was filthy and there were roaches galore.  

if this is grease and not surface burn, i would take some heavy duty degreaser to it and in the end to finished, mr magic eraser.+ some elbow grease (make sure you don't scratch it)