Rent one of the bedrooms for $1500 and your side would be $1,900 monthly.

It would be so helpful to do a 'deep dive': how much did you buy the house for, how many bedrooms, how much do they each rent for?

You can also do a double close if the agent or the seller is against wholesaling.Double close is a process where you first close as a buyer and turn around and close as a seller, typically within 24 hours.I am in metro detroit too.

Also <most times> adding a extra bedroom but not adding sq ft doesn’t help much on ARV specially currently being under 1,500sq ft.

Check the section 8 checklist and be sure you will pass (do you have a lead cert if you need one, do all your bedrooms count as bedrooms, anything weird about the house that won't pass inspection? 

One guy I worked with...an old friend, actually...was petrified of taking on more debt until he snagged a short-term rental in Austin that practically doubled his monthly cash flow after a few months.Now, let’s not sugarcoat it.

They have sent me a letter in the mail asking to buy my lot for almost double what the local values are so I'm not sure if this is a scam or just to good to be true.

After the 08 crash, I started buying rentals and built a portfolio of 80+ sfh's - all three bedroom homes in areas with good schools.My mistake was selling a bunch during covid.

Have doubled and what the bank is offering you is up 4-5x.

Purchase price: $15,000 Cash invested: $15,000 Sale price: $5,000Motivated Seller- 3 Lots total: (1) Commercial Building, (2) 1 Bed room Rental houses, plus an extra lot.What made you interested in investing in this type of deal?