I would do that deal if I felt pretty solid on ARV and my repairs, but it doesn't take too much for that to get slim.  

Deals are slim on the MLS, and I've stopped looking there.

For us, the turnkey business is more about volume then minimum profits; we will enter into deals that we know have very slim profit margins b/c we have more buyers then houses and our goal is to build the management company with a good portfolio of houses as that is a very sustainable business with other business opportunities that can spin off that.  

Odds are are slim that anyone will pony up the dough to redeem so just be careful and remember that there's always a slim chance of surprises.

I still like Windsor but the pickings compared to 2-3 years go are slim (the best was 2008-09 when everyone thought that Windsor was going to zero).

I ran a quick and dirty on the numbers you provided, and SWAG'd the total repair costs at $12.5K, an ARV of $90K (so purch at $50, repairs at $12.5K = $62.5k invested, FMV $90k), using these numbers and the $850 rents, well, long story short, you could pull about $16k out, with a 7% 30 year fixed, with a slim monthly cash flow about $66.

Back to the drawing board I suppose, MF properties are slim pickings here and at least for my first prop.

Leaving in my opinion a very slim margin or the home to sell at market value. 

Too slim of margins due to the brokers cut.  

Originally posted by @Mattaniah Yip:It is financed with a lot of equity.Originally posted by @Mattaniah Yip: It is financed with a lot of equity.First home, larger and financed as owner occupied.Second home, down the street, with one less bedroom and financed as FHA.I wouldn’t have even bothered in that scenario...slim chance of getting that through.With all that equity in Prop A, you’re better off pulling dead equity from Prop A, and buying Prop B with 20% down and sliding by conventional.