That's what makes them worth paying.Looking at these examples, would you rather flip in Bay Village in the $200-250 range (green highlight) or Cleveland east of the River in the $50-100k range?

It’s definitely an entry level house, so I’d compare it price wise with other entry level options, including condos as well as single families.The pictures look very attractive—and I like the finishes—but if you look carefully the pictures are highlighting the staging furniture and not the house.

That's what makes them worth paying.Looking at these examples, would you rather flip in Bay Village in the $200-250 range (green highlight) or Cleveland east of the River in the $50-100k range?

Highlights and my own thoughts/calculations right here:Deal breakdown:18 Units: 1Br/1BaPurchase Price: $245,000 - Cash offers onlyNeed of full renovation - seller already installed new roof and vinyl windows throughout (would need your expertise opinion for renovation costs/time).

https://www.har.com/content/newsroom/Houston Real Estate Highlights in May:-Single-family home sales fell 20.2 percent year-over-year, with 6,671 units sold, marking the second straight month of declines fueled by the COVID-19 pandemic;-The Days on Market (DOM) figure for single-family homes grew from 54 to 58 days;-Total property sales dropped 20.7 percent, with 7,917 units sold;-Total dollar volume dove 25.9 percent to $2.23 billion;-The single-family home average price fell 7.4 percent to $298,199, the first decline since January 2018;-The single-family home median price was statistically flat at $249,000;-Single-family homes months of inventory was at a 3.5-months supply, down from 4.1 months last May and below the national inventory level of 4.1 months;-Townhome/condominium sales dropped 36.0 percent, with the average price down 2.3 percent to $206,146 and the median price up 2.9 percent to $175,000;-Single-family home rentals jumped 11.9 percent with the average rent down 2.8 percent to $1,822;-Volume of townhome/condominium leases fell 4.6 percent with the average rent down 4.6 percent to $1,586.

Overall, these dismal numbers highlight the continuing incapacity of our region’s expanding homeless services institutions to get their arms around interwoven crises of affordable housing, income inequality, and mental health, that are playing out on our streets.

Daniel,I do have experience with Conventional rehab loans so perhaps I can give you highlights of how they work.On a single family house you can buy and add in the rehab dollars needed, all with a minimum 15% down payment.

If you take 10% of that and it's greater than the annual PM fee savings compared to a company with R&M markups then you can be fairly confident that, on the average, you will loose money every year (again, only looking at this one issue is not a wholistic approach to comparing options but will highlight the costs aspect).

Key thing in your response is the little details you dropped that highlight you did things very wrong to begin with, you gotta own that, you started that whole deal wrong so it was inviting problems.

I see what you highlighted, let me clarify that this is his first time doing MY RE taxes because this is my first investment property.