@Shayla RyderBanks will use your anticipated income to offset the added debt service.

Success margins are tight though, depending on your strategy.Long-term buy and hold folks should anticipate paying retail and bidding against owner-occupied buyers.

However, because the land lease is up in 4 years, and the anticipated amount it will cost to buy the land, the apartment sold for less than $350,000.  

It looks like it's been well maintained on the inside; the outside has paint chipping) I anticipate learning more during an inspection. 

Typically this is 1'-5' above the BFE listed in the FEMA Flood Hazard Map, depending on the local code.If the building is designed to meet freeboard requirements, the next requirement is typically that the building be engineered to adequately withstand the anticipated loads placed on the structure during a flood event.

I'm just starting my wholesaling journey, and finding cash buyers is more difficult than I anticipated.

At this point I anticipate getting zero and I will likely non-renew the long-term tenant later this year. 

I’ve got a rough idea, but I bet there are a lot of little unexpected costs I am not anticipating.

The $440k sell price was that your original ARV or is that higher or lower than you anticipated when you started this project? 

Will hold this investment with anticipated rent of $2,500/mo.