Hey Lucas, If you are a first time flipper, I would anticipate 75% on the initial purchase price/ 100% of the rehab financed. 

While renovations faced delays, and initial rental demand was slower than anticipated due to construction setbacks at the casino, the property is now performing well as a long-term rental.

I suspect because some are struggling with liquidity since  they are holding loans longer than anticipated because their borrowers are having difficulty refinancing off their books.  

Given the current macro-economic climate, many people (myself included) anticipate a significant draw down in the US housing market (and economy as a whole) over the next 12-18 months.

We do not anticipate having to tap the equity in the future. 

We are going to challenge it, but we don’t anticipate the ruling will be overturned.  

:) Its generally a good idea to know the condition of a property or level of expected repairs so you can anticipate those repairs and build them into your bid for the property.

I also anticipate a surge in demand when rates do drop lower as a lot of people who have been waiting on the sidelines for lower rates will be entering the market again and driving up prices on the best properties.

And at the end of the day, using your example and disregarding percentages: if you could buy this all cash, instead of "maybe 20-30k" you would make $70-90k, based on your projected profit and anticipated financing costs.  

The tenant is going from annual to month to month as of November 1st possibly anticipating it anyway.Quote from @Jonathan Greene: Listen to an old episode of the BP main podcast with Dion McNeely.