But in any of these appreciation posts I’ve never seen people say it’s a screaming good deal.

You are looking closely at the cash flow but the largest and most important # in this theoretical purchase is the overall rate of return on your money invested.If you trust your numbers, this is a screaming deal...47% return in one year with a 23% annual return over 5 years?!

I've got lenders comercial and residential screaming at me with lending programs and loan scenarios!!!

Originally posted by @Kate Lee:I would like to find out how private/HM lenders verify the track record of a rehabber.  

@Kate Sahafi have you talked to anyone that works in the city who helps subsidize these programs?

The scenario you give above screams of trying to fit a square peg into a round hole. 

They scream junk mail.

Does that mean they got a screaming deal?

and the backyard just screams for a deck and I think it would help sell the place to potential tenants while allow me to maintain a premium on the rent.

To be honest (without really knowing the rental comps) I don't know that you have a screaming deal here.If you can get it for sub $20k, you may be on to something.Edit: Sorry missed the part where the owner told you what needs to be done for repairs, you absolutely need to do your own due diligence on this, trust me.