Considering your COC is like 170%, then there's still plenty of meat on the bone to buy it even if you needed to add $10k-20k in upgrades.

The price seems to be about $200k less than anything you could find in San Diego county.I agree with the other comments that you should always go with the worst-case scenario in analyzing the deal (plus the contractor is a better expert for repair costs than your agent, but I would get multiple bids).It doesn't seem like there is enough meat on the bones for this deal. 

Just for example, I've been running models that use that mode of financing, however (at least in Vegas), I have not found deals with enough meat on the bone to use HML to BRRRR the property. 

Although the 'bones' seem solid, this is an old house that needs a good bit of updating in each unit. 

The house has pretty good bones.

A good old fashioned 20% down, distressed property a little outside of Austin with plenty of meat on the bone. 

I moved your topic to the wholesaling forum since your question revolves around that topic as opposed to rehabbing.To answer your question, in today’s competitive market, finding buyers is not the problem, finding actual deals with enough meat on the bone is the hurdle.

If your paying $80k for a property that has an ARV of $110k, there is not much meat left on the bone to borrow against or for profit as a flip.

It's a Great deal with Plenty of Meat on the Bone for the End Buyer!

bone up on your tenant landlord laws its all in the books what you cant and can do.. but even in jest what your suggesting while prudent 30 years ago.. ( like we would just remove the front door)... wont work today.