Since I'm taking such a cash hit, I asked the sellers agent if they would be able to designate some portion of the sale price ($200k?)

Another reason is I would like to hit the ground running.

:Quote from @Jimmy Lieu:Have tons of examples of deals that hit the 1% rule and positive cash flow.

I will tell you he did a great job because very little interior re-work was required - but it was a substantial hit to the Reno budget!

Check out REITactical and hit me up.

A family needs a washer and dryer in the house, if you don't add I think you'll take a hit on rent and take longer when there's a vacancy. 

Plus I just hit “Mark as played.”

Hello everyone,I am from Alexandria, VA located at the border of Washington DC and Prince George County, MD working for a kitchen and bath remodeling company since 2017 known as European Granite Design that also fabricates granite, quartz, marble and quartzite countertops since 2003.I'm experienced Sales and project manager also designs kitchens & bathrooms for remodeling.Using my expertise and connections I want to start working for myself flipping old condos or houses in the Washington DC, Maryland and Northern Virginia (DMV) area.

Northern NJ has options as well, but MTR works better in a lot of areas because there is demand.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.