I just think jumping to a conclusion about a person's work ethic based on one question asked is ridiculously presumptuous .  

Account Closed  OK I will Bite   who is going to sue this guy if the seller subordinates and bank makes a construction loan   the house get sold for a profit.but yes I absolutely agree with you.. that generally speaking folks that would ask the questions the way he did .. one would jump to the conclusion you did... not ready for prime time :)

I literally looked everything up on SFgate or some business finance site and just made my own conclusions.

How much of the deterioration of the windows is due to normal ageing and how much due to excessive moisture will also be hard to establish conclusively in court.  

You state that you intend to refinance in a year, so that [ $9200 - $170*12 = $7160 ] would just be poof, gone, never getting it back.When I plugged in "refundable" borrower paid single premium PMI, it spit back 3.79% / $19k.You can scale up or down from $500k to your correct loan amount... the numbers will differ, the concept and conclusion shouldn't really change.Also, can't use borrowed funds for down payment etc.

I have been looking into Wholesaling real estate and have come to a QUICK CONCLUSION, these people who are selling books, post cards and other money driven gimmicks are NOT giving you your money's worth! 

For example you may come to a conclusion that for your goals duplexes with 2/1 per side that cost more than 400k won't work.

It is clear that the presence of all of these factors would compel the conclusion that a sale has occurred; moreover, since a single factor is not controlling, the absence of any of them would not compel the conclusion that a sale had not occurred.

I ran the numbers but not 100% sure I'm getting the correct calculations so I wanted to reach out and see if someone can help us.Here is the info on the building we want to purchase:11,052 sqft  $169 per square footNeeds about $100,000 in repairs (roof, electrical, paint, cleaning etc.)Rents for 0.82 cents per square foot.We would put 25% down and pre-approved for the rest of the purchase price at 3.85%A similar comp down the street that just sold:11,747 sqft$163 per sqftrents for $.79 per sqftThe building was move in ready, no repairs needed.When you compare both properties  it would seem that you would come to the immediate conclusion that we are getting a bad deal but I'm just wondering how much to offer.

In other words, do more expensive properties clear a higher dollar per door rate, or do operating expenses scale proportionally (or are repairs and CAPEX so volatile that it is hard to draw the conclusion)?