You want a couple grand payoff when they finally find a legit buyer?

. $2000 is a lot of money but if you spend close to that evicting then add to that amount the stress and grief you'll be dealing with in addition to holding costs on a non producing property that you can't work on, it makes the two grand a fair trade for freeing you from all that.

That’s two years before I made my grand entrance on Earth!

@James ArchuletaYou got about four financing strategies in your idea lol look this is a sub2 deal and frankly She doesn’t have enough equity to be offering her 14 grand in this price bracket .

I likely won't be able to provide anything to my kids and/or grand kids when I die, besides maybe a house or two. 

otherwise let me be the first to say, RUN. do not buy this. ok with that out of the way, a few things you can adjust to give you a more realistic picture in the calculator. no matter what you'll always be spending some money on repairs when you first get into a place, so off the bat i would put a grand or two for estimated repairs. i run my vacancy numbers at 8% as this is just about a month. your capex should be lower, unless this place has some really big ticket items waiting to die. same with repairs. also the insurance numbers and property tax number both seem very high, is this the real numbers or just place holders?

It took a fresh coat of paint, shower rehab, 8 hours of hard cleaning and some minor repairs for a grand total of $4200 in repairs and we are closing Friday for $125k.

I'm an aspiring real estate investor looking to build capital through wholesaling here in Grand Rapids.

Agreed @Marcus Auerbach , yes I am super enthusiastic and passionate about it, I guess it came from my parents and grand parents..

So, passing a good deal onto someone else isn't that huge a sacrifice in the grand scheme.