The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

But, they will be in challenging parts of town where realistically you do not want to own property and your long-run returns will under-perform.I'd encourage you to find a balance of sub-market growth, nearby employment, strong income, and only then a good rent-to-value ratio. 

during the 2000s before the crash we got up to about 3 mil a month in lower balance high profit loans and were between 30 to 40 mil out.. we originated all our own loans.. do not trust brokers all my worst deals came from them.. this took about 12 people..

A balanced market typically has around 6 months of inventory, so anything lower suggests a seller’s market with limited inventory.🎆 Las Vegas Rings in 2025 with a Bang!"

Your risk vs. reward is way off balance there. 

I believe he just sends his guys in and tells them fix whatever needs fixing and take as much time as you need with no checks or balances. 

typically with seller finance there would be some period of monthly payments and then a balloon where you pay off the balance in full. 

I have about 10-20 with a $4,000 balance now on a $1000 month rent, more with 2 months balance...

Wholesale, foreclosure, and seller financing can work too, but I’ve noticed that careful analysis and having reliable local contacts often deliver the best results over time.So as you two gear up for your first flip, how are you balancing the potential risk with your long-term goal of buying rentals?

But again, if you just look at the monthly expenses, I am making $200 a month)Sorry to go down a rabbit trail, but that question was interesting to me.I think that it is all a balance and if you want the immediate return or long term return.