There were illegal additions in the back of the unit.

With time hopefully the numbers will be even more in your favor with appreciation of the property and you will have cash flow to continue to invest, also it is building equity in your portfolio that you may want to tap for opportunities in the future.

What made you interested in investing in this type of deal?

I am just getting started in wholesaling and I have a few questions about Business Cards.- Do you think it is necessary to have two separate business cards for your buyers and sellers in relevance to wholesaling?

Quote from @Adolfo Herrera: I recently bought a piece of land(cash) in my hometown in Texas and I am looking to start building a home to sell.The lot sits in a new neighborhood and is in the more affordable side of the Rio Grande Valley.

It’s tough if you’re flipping in under 12 months.

I can tell you first hand that the people building new houses in my sub-division are here 7 days a week.

I like having my depreciation expenses being available against just my highest taxes every year rather than use too much in year one.

What made you interested in investing in this type of deal?

For example, there were a few recent duplexes for sale around $350K-399K, with 20% down, and the potential to get $1,200–$1,300/month in rents on both sides they would have the ability to cash flow.