Buy the worst house in a great neighborhood and fix up.  

:I have a small amount (to me) in it.

. $23K isn’t a huge amount of capital in today’s high-interest-rate market, but it’s definitely a starting point.

Please don't pay any kind of money, especially that amount for some kind of Instagram influencer.

J Scott breaks down all the fixed costs on closing a wholesale/flip deal.

The amount loaned was $2.5M.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If they require an inspection, keep in mind you will not be able to fix any issues as it is a federal crime to alter a HUD home in any waySo in summary, it can be a very difficult and costly process to activate utilities and in many cases not possible

I initially intended to put down $50,000 to get a sellers concession where they would cover closing costs and a 2-1 buy down (we have to put down 10% or more down for the seller to be allowed to give us that that amount concession, around 5.8% off the purchase price of $484,500, seller concessions are capped at 6% with a 10% or more DP).

I have a decent amount of property managers that I really trust and can refer you to them!