We used to diary all of our deals on here and stopped for some reason.Here are the basics on this property:Purchase price - $72,250Estimated repair budget - $45,000-$50,000ARV - $185-195kTaxes - $4338/yrHow we purchased:Purchased with financing from a local hard money lender who financed 80% of the purchase price and 100% of the renovations at 12% interest only and 3 points charged at closingUnit Breakdown:- 1st floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 2nd floor is a 2-bed/1-bath 900 sq ft unit - Projected rent after rehab $900-$950- 3rd floor is a 1-bed/1-bath 600 sq ft unit - Projected rent after rehab $700-$725How we located the deal:- We zeroed in on this foreclosure deal after it fell out of contract on the local MLS. 

ThanksHome Listed Price: $119,900Address: 210 North Star rdPerry, Ga 31069Purchase Price: $100,000ARV: $120000Monthly income: $1200Monthly expenses: $860.43Monthly Cashflow: $339.57Estimated Repairs: $1000Purchase Closing Costs: $2000Down Payment (@ 20%) : $20KLoan amount: $80KLoan interest rate: 4.5%Monthly P&I: $405.35Total Cash needed: $23K

Last year he paid $968 for necessary repairs on the property.

@Joseph Rath keep saving and once you are ready to pull the trigger then you can absolutely house hack a duplex with FHA financing and sellers assistance to help with closing costs and get into a duplex under 200k for $12,000 or less total investment

As far as the condo goes, the market is so wild right now, and the inventory so low in the bay area you can probably sell your condo now for a profit, despite the upcoming repairs.

In my own business, I have a business partner, a licensed assistant, and I'll likely hire another part time licensed assistant just to make sure there is always someone who can show a home when the need comes up.Also, you might want to get comfortable with making offers without seeing the home first if things are moving that fast. 

Please let me know if I may be of assistance. 

There are great services out there that assist in marketing your property, creating online applications and screening your tenants for you. 

So it's not outside the realm of possible that she may be motivated to sell on contract.Aside from the financing, I had it figured this property may need $7000 - $12550 in repairs (basing this off the size of the unit they said needs rehabbing, and estimated cost of making each unit on its own separate meter)My QuestionI know I need to do some more work on figuring out the financing/purchasing, but I think I could make it work in this range. 

If you do all this and the numbers (purchase plus repairs plus wholesale fee) Aren’t 70 percent or below ARV, it’s not a deal and you need to drop it.Most wholesalers overestimate ARV, underestimate Repairs.