What to do with this turnkey I have under contract

[Devin Collins]

My original intention was to wholesale the deal to a buy/hold investor, but the more I look at the property the more I'd like to make it my first rental. The problem is that I don't have capital, hence why I wanted to wholesale it. Does anyone know of lenders/credit unions in the Jacksonville, Fl (or just Florida) area that offer 0% down loans? If all else fails I'll wholesale it.

Thanks for the help!

ARV 70K

62.k Purchase Price

Taxes/Insurance 1k annually

Tenant pays utilities

[Jonathan Greene]

Where is the deal in this deal? I don't see the metrics that make it worthwhile for you and certainly not to wholesale it with those margins. Just because the rent is over the one percent rule doesn't make it a good hold investment at that price point.