Thats a large discrepancy considering the amenities they have.3) It’s a C class property in terms of location and building itself.

Then a week or so later the Contractor gets a check (assuming everything is done).This works pretty well, with a few exceptions.....1) the 'inspectors' (note quotes) know virtually nothing about construction so any discrepancies will throw a wrench into the process.

This way you have a sliding scale that can account for discrepancies relating to property condition i.e. quality and desirability of each property.

If you're able to get any hard money which would offset your $100k all-in, then you have a chance, however it is a very tough market Given the rent v purchase price discrepancy going on, I'd recommend looking at cities in the "Triad" which includes High Point, Greensboro and Winston-Salem (plus the areas around and within that triangle).

Any idea why there is such a discrepancy between the two numbers?

My sole point in pointing out the discrepancy is so that some newby does not assume that rent greater than PITI implies positive cash flow.  

That's a HUGE discrepancy.

The bucket is the discrepancy level between the GFE and the HUD-1.

You'll likely compete with cash offers or huge appraisal discrepancy coverage.

We went worst case scenario here with all our figures.I just cant seem to figure out why we have such a discrepency in our figures.finding out total profit if soldsay YR 10 value is$1,275,377one would have to subtract, (remaining loan), (down payment), and (5% closing).those numbers (684,044), (94,900), (63,768.85).