Property Details:Purchase Price: $80,000Est Rehab Cost: $20,000Property Taxes: $2510Private money Loan:$50,00010% InterestMonthly Interest payout: $416.67Monthly Carrying Costs until cash out refiInterest Expense: $416.67Property Taxes: $209.33Water/Sewer: $55.00Home Owners Insurance: $80Total: $761 I plan to carry the monthly carry costs for 6 months while i have the property rehabbed/updated and suitable renters found.

The tile will come down over the flange to create a suitable gap that you will caulk at the end of this project.

Knowing this helps you define your own strategy when moving from being passive to being active and be able to chose investments that have attractive returns suitable for syndications.I hope this helps!

If it isn't suitable maybe I should decline the data and we can wait for another opportunity to come along.

He evaluated the deal, negotiated the deal, got it under contract, advertised it and found a suitable buyer (you). 

MFRs are expensive with rents that are not suitable for those prices.

If you want to do your own deals, my understanding is that Brad considers some parts of Ohio a suitable market for following his formula.

I can only say that if I were a seller, I would have 3 stipulations: 1, a healthy dose of earnest money, and 2, an escape clause that allowed me to continue shopping my own house around on my own while the wholesaler was doing the same thing, and 3, the obligation of the wholesaler to buy the house if they couldn't locate another buyer in a suitable amount of time. 

Maybe come up with more realistic rents and remember the vacancy factor while looking for suitable roommates.

Or move to a place where it is suitable for your child since health is a concern.