I am a newbie and have been looking for my first deal.I found a house down the street where I live that appears to be abandoned.

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@John Howdyshell - What do you mean the private lenders don't appear?  

If you do want to go through each input, simply click to expand costs, and they will all appear. 

The guys that have been referred to me appear to be pro's, no doubt, but here in Denver, too busy to return a phone call or a bit more pricey. 

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From my quick read, Coretec appears to be just another floating vinyl plank offering - many the major flooring manufacturers offer both residential and commercial vinyl planks.  

After a quick google search, it does appear many banks will not write mortgages smaller mortgages.  

I have a number of friends/family/coworkers offering to invest in our business, so I am leaning strongly toward using their money for transactional funding which does not appear to be very common.  

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?