I don't go above 70% generally and prefer mid or low 60s. 

The appreciation could be 2% per year on that low price point property.

It was listed on Zillow for $110k and we made a low ball offer at $90k, ended up getting under contract for $95k.

With low inventory around the country, check the absorption rate in your town.

They were getting a fair amount of leads but most of them honestly were either duds or low end properties. 

I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

I have gotten pretty good with multi-families in low to low-middle class neighborhoods.  

Aeroplan is probably my favorite because I can use my Chase, Cap 1, or Amex points and they have low taxes/fees. 

The rehab estimate seems very low and the ARV seems really high in my opinion, just based on a tiny bit of research looking at what this property was listed for recently (it hasn’t sold), and what the surrounding similar properties are worth (~$250k).

Another thing I am doing right now is looking for a mentor to help with my strategy, but in the meantime I thought I'd make a post and hear what BP investors would do in my shoes.For my situation, I am 26 and I have a very low income (55-65k annual) for my household and a growing family of 5 to support.