I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

In the process of redoing kitchen and bath and sprucing up the yard.

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house.

Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

I want to know more about the area and build a team that can help me purchase and manage properties.   

It is in my book (available in January) and the score sheet is part of my forms package available for purchase.

This can be a very long and annoying process and you're not guaranteed to get approved.