the numbers are as follows:purchase price: $ 25,000rehab costs:      $   5000closing costs     $   3000ARV                   $ 60,000 ( professional appraisal)projected profit              $32,000I have purchased several houses in this city and currently own 2 right in this neighborhood, in fact, one right on this same street. the code enforcement officer in this city and i are literally on a first name basis and he has never, ever set foot inside any of my rehab projects because, in his words, " i trust your work". i feel greatly confident in my knowledge of this neighborhood and its ability to sell quickly. 

So I was looking for some homes that were being sold in the area and this one, literally 5 minutes from my house, is being sold for 169k which is under the market value in this area  of 280k.

@Stephanie Younger I am a national development director and have interviewed and screened literally hundreds of contractors for virtually any and all trades that you could possibly imagine.  

I literally just went through this process last week trying to secure a builder's risk policy for a deal I'm working on.

Hi Tim Hsu - Oakley is literally right next door to me.

I'm Jake, I'm literally just starting out.

Literally, you CANNOT meet enough people.Eventually, you CONTACTS will turn into CONTRACTS.Aside from that, continue to educate yourself!

I have literally had people run straight for the door when I acknowledge that a unit has electric heat.

Literally mold everywhere, the floors, the walls, the ceiling, it was disgusting.  

Also, if you're investing in Florida then you can literally make a killing with rentals.