Exp. (35%*):      ($10,973)NOI                                $20,378Debt Service**:           $17,071Excess Cash Flow:     $3,307DSCR:                          $1.19x*Operating expense ratio of 35% used to be conservative - most likely lower** Based on 30-year amortization at 5.00% at the full asking price of $265,000Financing (Where I Need Help)I have relatively little cash and was wondering if hard money would be attainable depending on the negotiated price and ARVIf hard money is not a reasonable option, I was thinking about finding a partner or possibly private lending. 

@Lisa Yang I think your goals are attainable.

We send 6-8 mailers to the same list and thus can attain a CRR in between 10-20%.Best wishes for your mailing!

Make an offer based on calculation of ARV-renovation at 70-75% LTV.I am wondering what methods other investors have implemented to more efficiently attain bids and renovation numbers.  

Everyone wants 10% nets or better, but IMO those #s will not be attainable soon .

I am brand new to the real estate industry and recently attained my license this past September.

Recently, in order to further attain this goal, I’ve been spending a lot of my time developing my own approach to deal sourcing in Q4 2018.

I think the Vallejo story has been plagued by sputtering economies of the past and poor government policy but the tide has turned and Vallejo IMHO easily shows the greatest potential in the Bay Area for substantial price appreciation. https://www.dailyrepublic.com/projects/solano-life-2018/solano-life-2018-vallejo-renaissance-is-ambitious-but-attainable/

I have excelled to some of the upper-most levels of Division 1 sports and attained All-American status twice in shot-put, worked as a driver for an exotic dancing company, college leasing associate, casino security guard, and now to my current field and positions which have revolved around child welfare for the last four years.

You can certainly attain the 2% rule in some neighborhoods, but that doesn’t even mean those are great deals.