This totally makes sense-- I had a feeling my question was more or less open ended. 

It's also less total interest paid because I am borrowing less total money. 

Hi Max, I can speak about the Columbus Ohio market (as this is the market I specialize in) but yes, there is strong competition here and there are obviously some cash buyers and they will always have a slight advantage.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I'm totally good with some sweat equity but I'm not in a position to do Roof, siding, structural repairs and such.

Add that to the $1.2M and we get a total ask of $4.7M.The $400,000 in earnings could not support that debt service and he was unwilling to lease the real estate to the new buyer. 

This is totally contrary to the way most wholesalers can operate.5.

@Samuel KimEven though I already gave you an answer earlier on this thread, I need to add a few comments after seeing some totally irresponsible and reckless advice given by other commenters.Short story is:A.

I make roughly 150k annually but have 200k total in student debt from graduate school.

I did a quick search and there are 187 total rental listings in Marion Oaks in the last 90 days. 90 are vacant listings, 18 canceled, 70 that have leased, and 4 pending.