Hey all,Pair of duplex properties, nice small town, rentals are hard to come by, properties need quite a bit of work, off market but owner said he would sell them for $90,000 as a pair.

They will be able to pair you up with a lender that can fund your specific transaction on a case by case basis.

The largest repair I’ve had in 20 years is a main water line Repair under the slab for $8,000. (3 different homes so far.) and a pair of 3.5 ton ac units on the roof of the same property at the same time for about $9,000. 

Further to one of @Austin Fruechting's points above, CoC doesn't pair well as a metric for evaluating and/or showcasing the strengths of a flip opportunity because flipping isn't typically an approach that generates significant recurring cash flow.  

Pair that with the fact that most places rent for 1000-1400 in B and C neighborhoods and usually cost over 200k and you can see that your returns here will be minimal or negative unless you cut corners like no property management and go light on CapEx and maintenance percentages.

It seems their problem is that the renovation budget is too high in relation to the purchase price, paired with the fact I plan on renting it out.

Agree with David, with all those things considered along with operating expenses like landlord/liability insurance, property tax, certain utilities if you can't push them off to tenants and so on, if those expenses paired with your reserves and PM expenses can't work with the extra ~$300/month after mortgage payment then you'll have to come out of pocket.

Maybe it's more of a appreciation play paired with buying a super deal. 

It's an amazing how-to series that pairs well with the "Best Ever Apartment Syndication Book")Hope this helps!

Realtor comps came in at $150-$175K (albeit no paired sales or comprehensive analysis provided yet).