I see monthly payments playing out this way.Interest from loan: $1,450Tax-$450Insurance-$150Utilities: $50Total: $2,100 a month * 3 months to flip= 6600 carrying costsSo in the end:$205,000 sales priceless commission: $12,300less closing cost: $5,000less seller assist: $3,000Total: 184700Profit: $1847,00-$169,600= $15,100Obviously not a killer deal but something to get started and experience.

Get your personal finances in orderLearn the businessLook for killer dealsKeep moving forward.Good luck - Ned

I am looking for that killer flip deal but I'm not finding these 70% deals that everyone is talking about.

Most of us here wouldn't bother to sniff this deal....let alone put the effort you have into it....I hope it works out well for you or maybe you'll get lucky and discover another deal killer in the inspection so you can walk away and save yourself the headaches!

I get hijacked by Mexican drug cartel and put on an airplane and while I'm being slowly dissected while still alive and with no pain killers the plane crashes into an active volcano...

In answer to your question, be sure to check out these killer good posts:http://www.biggerpockets.com/renewsblog/2013/05/03/driving-for-dollars-bible-part-1/http://www.biggerpockets.com/renewsblog/2013/05/10/driving-for-dollars-tracking-owners/

Bad property management is a killer and unfortunately, not uncommon.

you know we had the craigslist killer in Boston, set up appointments with prostitutes and killed them,,,do we have a Bigger Pockets stalker,,asking for a mentor then holding them hostage until they tell all of the 'secrets of real estate".....I bet he is on vacation or busy with work

The owner might accept it or they will counter.While investors and operators often see themselves as wheeler-dealers, killer negotiators that offer almost nothing, skip over the usual and customary as if they have special skills in getting homerun deals, that is probably only the case in their mind.

So, then I think, not a deal killer, not how I would've done it but the "Target Returns" are too large to ignore, so I'll dig deeper.