Hello- I have a couple whose combined income is 6x rent and one spouse recently had to declare bankruptcy from a previous marriage.

Depending on your market a flip at that price point may not sell unless it is completely decked out and modernized.

The monthly total on them combined is roughly 380.

Would this be as an individual or combined?

It is going to take a combination of real-life experience and education to become a skilled investor.

We completely reconfigured the floor plan, and restored the house to new condition with modern amenities and great spaces.

Complete renovation and modern design What was the outcome?

I think you have a few things confused because your base understanding is fuzzy.The L/O strategy involves 3 separate contracts.  1) Lease, 2)Option to Buy, 3) Purchase agreement.Here are some critical points to follow, and are not changeable or negotiable:1)  The Lease and the Option are NEVER to refer to each other and NEVER be combined into one contract...NEVER, EVER.2)  Never, EVER give any credits from rent towards the purchase. 

Please correct me if I am mistaken.In any case, I made the changes you recommended - here is THE NEW REPORTMore specifically, the changes I made to the report were...PURCHASE PRICE: combined the purchase price ($68K) plus repair costs ($80K)ESTIMATED REPAIR COST: removed this number, since I already combined it in the purchase price

I have Roku's, Smart TV's and Steaming BluRays in the combination of 24 STRs.