., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

Are you going to be using financing for the purchase and rehab?

It would be local for you.  

@Jaycee Greene I wouldn't have the funds for the down payment. 

Would’ve paid for my mortgage easily, and I’m gone anyways!

I was wondering if most wholesalers have stopped using direct mail and just moved to google/facebook to find deals?

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

I have been listening to many different BP podcasts for about 4-5 years now.

You need to determine the best route for each deal you do. 

Noone bring me any REALLY good deals for the next 1-15 days, or I am subject to counter claims...Real estate industry.... get your act together.