The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.

My payment with insurance & taxes is $1425 a month.

You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.

Seems like I could possibly get a duplex with that kind of down payment. 

Hi I'm gege new to the site starting the Wholesale investment and need help finding seller, where should I brand myself is there an email pitch or a call pitch I can send to seller, like people in foreclosure, or bankruptcy, or late payment and where will I get the ARV, Repair Value, Offer The price that you need to get it under contract for and  where do I get the contract form and if I get a seller and a buyer how do I get a legal person to handle all the paper work for closing.

I definitely plan on building a team in the market we select. 

Thank you and be well-ShawnT Buyers aren't necessarily interest rate shopping they are shopping for affordable payments.

We would all love to have that note that has 5 years of perfect payments, 800+ credit score and a 20-25% down payment. 

Your payment went up $1,000/mo but the taxes only went up $5,200 which would be less than $450/mo.

Options - collect full payment for the 3 months up front and lower the deposit to secure against damages only, require insurance.