It's the further unknown damage (supposed to rain all week) that is the issue.2.

You should use Google Maps to locate banks/credit unions within a few miles of your property, especially if they are small, nationally unknown banks.

There's really just still a ton of unknown information here to say anything definitively, but if you'll get the other info we can help guide you through it.

It doesn't look like you have enough margin (ARV versus purchase price versus unknown rehab/make ready costs) so this may need to be something to pass on until you get more experience.

Thanks Russ@Russ Scheider Yeah I guess we're wrestling with just how uncertain it all is - it's very difficult to know if the numbers stack up when some of the variables are unknown.

If his deployment date is unknown, that is a tougher call as you don't want him moving out in Nov and having to find a tenant at that time of year.

There is very little room for the unknown/unexpected.Are there any owner responsible utilities?  

My original budget was 15,000, I will be about 30,000 all in after this week when my last tenant moves in.Here is why:3,000 in unknown structural repairs (termite damage)3,000 in unknown electrical repairs (they had KnT hidden in the walls upstairs, yet tied into new romex at the breaker box, and the outlets/fixtures, it was all replaced)3,000 stolen from my original contractor that I had to fire (lied about work being completed, redoing much of the work he was paid for/ did not actually do) 2,000 for a new AC just crapped out last weekI would say the other 4,000 or so was my own decision to replace a few appliances, add higher end flooring and fixtures, and just overages on my end. 

It is deceiving that we understand real estate so well... we don't.these new funds pop up like in a bubble... with lots of unknowns...

It really depends on the tenant.Most buyers looking for a home to live in are very concerned about unknown repair costs.