Any advice Hi Tiara,Congratulations on getting into the game. 

There is HOA debt in the amount of $21k piled up from previous owner.

Start with that, don't pay extra on the mortgage, pile up cash for the next one.

My husband commented on a post ( congratulations) to someone who did their first wholesale deal ( or something along those lines) anyway this woman reached out and started telling him all of this information about this company she used and they were for lack of a better word a one stop shop. seemed too good to be true of course but as newbies, we were curious and set up a zoom meeting to see what they were all about.           

My contractor sealed the holes, unclogged the weep holes, removed dead landscaping that was piled high around the house, and installed a French drain and gutters, all of which we hope will solve the problem.

Congratulations, @Enis Baftiu!

Thereby affecting your cash on cash return as well as starting off with negative $19k. i did know that and was willing to take that hit on the chin with new money that comes in leaving the cash on hand pile alone for the year +. with such little down your right it goes negative and with the seller not interested in working with me (hes an owner builder so he can rent it for what i can but his loan is probably half of what mine would be or less) the deal isn't good any more to me unless that 10k concession is given .the idea was the 12k to close and another 15k to hold my side of the mortgage up for the year would still be less than what most people have to pay to get into something like this . was looking at it like 25k total on the year but was doing the math to see what it looks like after the 12-18 months i live there and can rent out both sides.

So... congratulations on not needing to raise any money? 

There may be a learning curve, but there always is, and it's worth it to get it going and adjust as necessary.Good luck and congratulations! 

Thank you so much for your insight, and congratulations on creating a successful business.