This is something you (or your PM) should talk about with the tenant, and it takes some soft skills to pull off.

We created a detailed pro forma around the job from start to finish and made sure the numbers reflected a target profit margin of 80–100k depending on soft costs.

9% cash on cash is ok(that's a soft ok) as a stand alone number, but the risk vs return here seems way off balance from just those numbers.Just my input hope it helps 😊Santi

There is no magic trick, no glow in the dark worm that makes the bass like zombies trying to snatch it.You approach sellers like you would an acquaintance, talking to them like you would ask someone of the street for the time.Hey I am Monkey and I flip monkey houses.

Just got my loan approvals at 1.7 mil for that work plus the cost of the dirt.. 300k in soft cost and 3 years in the making.. the nice thing about our market in Oregon NO one buys before approvals you risk entitlement costs.. but close on dirt is after that.. 

@Jason Bass Hargrove Inspection is who I've used.

There was a news article yesterday talking about how NASA is sending a probe to an asteroid they previously found that has enough gold in it that if it were on earth, gold would start being used in soft drink cans instead of Aluminum.

It’s all over the map.In general for nicer A-B properties over 200 units there are usually at lead 10-12 serious buyers competing.For smaller B-C properties it can be a couple dozen or more LOI and soft offers from people trying to wholesale depending on the market but usually only a 5 or 6 serious buyers make to best and final.I have found a deal or two with no competition but they are usually way overpriced and have been out for some time.What are you seeing?

When you find someone who fits, get a soft commitment so you have an idea of what their participation level will be.

I had B of A do that to me once in the past.Most creditors also monitor your credit reports through "soft pulls", so a change of address could show up there as well.