You will also have a parking pad and/or garage, a small yard and a neighborhood block feel.

If you haven't worked with one before, be prepared to pay points and a much higher interest rate then a bank.Good luck,CB

Does a wholesaler here in Florida have to use transactional funding and a double close?

He interviews experienced investors and as you can imagine, they have many creative ideas.  

HI @Tim MallickWelcome to the site and a good place to start is the education tab above!

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

I've never bought property before.Its all barebones, so i can fill in everything the way i want.3/ 3bdrm 1 bath apts, and a small comm space on the ground floor. i've estimated about 24k to rehab it. 

My name is Eric and I am an investor from Little Rock, and a long time member of the Central Arkansas Real Estate Investors Association.

There's a lot to learn and a lot of different ways to learn it.

All in all, I'm glad I have it even though it was a bit more work than I planned ... actually figuring out how to make it work is fun and a good learning experience.