first analyze, willing to learning

[Cheng Xue]

Hi BP. 

i am a first time investor from the bay area. if you guy know anything about the bay area, investing in real estate that would cash flow is almost impossible. it would cost you probably 3 arms and 4 legs just for the down payment alone. (and yes i am more of a thigh kind of guy). so before i throw away 3 arms and 4 legs into something passionate of but have no experience in. i am much more interest throwing in 3 arms and 1 leg and hope to get 90% back with a life lesson, by investing long distance. 

i am currently on my due diligent phase. i have read a few books from bp, listened to a few podcast ,  and started on my 100 analysis goal. and here is my first. And like our hosts from the biggerpocket would say, "you need to give value first." 

disclaimer: I have no intention on jumping into the deep end and purchasing any real estate in the near distance future because i don't think i am ready. this is why i am not hiding the address of the deal (if it is even one). it just a way to start a conversation. The numbers seem great. But why? 

I would love to get any feedback. where did i mess up on my analysis? 

i get my ARV by comparing to the houses that were sold in the past 30 days. 6 month, and 12 month. I estimated my rehab cost from the average of what i have seen youtube videos and books. I could be completely off from this. But that's why i am here.

https://www.zillow.com/homedet...