Help analyzing a deal

[John Turner]

https://www.biggerpockets.com/calculators/shared/400457/4ee576e0-3d59-4320-97af-b59ae5aabdbf

So this is the deal I have come across.  I estimated the management expenses.  It is supposed to be turn key but I have not been through the property.

Any chance a lender will do the deal with 100% financing given the ARV? That is what I based my numbers on.

[Brent Coombs]

@John Turner, basically, I don't believe those figures. If it seems too good...

Who is paying $1000/m rent for a home that's only worth $29k? 

Forget the $50k ARV, because it's supposed to be already almost Turnkey (ie. should already be worth more than $40k). To me, this means that the Seller is selling because they don't really believe their own hype!

If it was as good as the figures suggest, the Seller should not be needing to search for Buyers who have no credit or savings.

Lenders must see these sort of exaggerated claims all the time - and should not be blamed for sending the borrower-wannabes packing.

But hey, go look at it. Do your comps research, including rents. Talk to the neighbors. If you are a beginner, DON'T allow yourself to be rushed. Then post your research findings back here. Cheers...