Certainly has all the makings of a Hollywood movie script. 

The problem I'm finding is that investors with money are putting in offers right away before I can even walk into them to inspect before I get n offer in.It's the name of the game

I ran across 2 potential deals:Lehigh: $70k-- 3 bedroom, single family, rents can be @$899/month (no tenants yet)Duplex in Philly-- N. 12th st. tenants in place total income $1475, cost of home $85KWhich deal is better?  

I would like to thank Gregory N for Vista, CA for posting a topic that interested me enough to respond to get here.  

Recently I have purchased my first fix n flip property.

Despite what is told in every weekend seminar, it is very hard to leverage anyone other persons money for your first investment here in N Texas for several reasons.  

If you are making a cash offer, a lot of the info on the contract can be marked "N/A" because it applies to inspections, well/septic, financing contingencies, etc.  

It's always great to see a fellow N.

Move-in ready.Asking price: $99,999Best and final offer: $85,000Financing: 20-25% downTaxes: $2,627Conservative rent: $1,000/monthRepairs budget: 5%Insurance: $45/month (est.)Property Mgmt: N/A (self-performed)Based on these assumptions I am coming up with a little over 19% Cash-on-cash returns each month.Apologies if I left anything out.  

I am interested in real estate investing by doing rehabbing/fix n flips and buy and holds for rental properties.