You have control over NOI with both opex reduction efforts and revenue enhancements.

I am new to flipping homes and would like the feedback of some more experienced investors. there is a house in a town of only 1,000 people. the house is going for 45k and the only two comps are from only one month ago they are for $115 and $165. with both properties they sat on the market for around 4 months with big price reductions for both. the average days on market for this town is 95 but I believe I can get the rehab done for around 30k to 35k.

If it truly means a reduction of 20k+ we can however live without it.While on this topic, are there other features, we may not have thought of other than pool and hot tub, that have a dramatic effect on a properties earning potential?

So, for as long as the note we hold doesn’t pay off, we collect $10,722 monthly interest and pay out $4,100 on the underlying note - of which prox $2,000 is interest with the balance principal reduction (since our note is interest only this represents note equity buildup).  

This is an integral part of doing deals, the wholesale community maybe push the numbers in their favor to make that deal happen, that is of course not okay, and the same thing is said for agents that say they can list a home for $20K more than the next realtor just to get that listing then ask for the price reduction later (this just happened to me).This is a company that I tend to hear more bad things about then good things and that is where the caution needs to be taken into real consideration and make sure you are doing with with people that are looking for a win-win, not a win-lose/sometimes win-win which can happen in real estate more often then not if a person is not looking out for themselves.

Most of those deals fell out, but we were able to get price reductions/remedies for others based on the findings.

Yes way to many people think this is the magic pill that will make taxes go away.

And expecting a 3% price reduction?

My IRR was starting to see some cracks and further rent reductions were needed to keep the tenant running. 

We may see some reduction in rates this year on the fed rate side, but people need to understand interest rates are tied to the 10 year treasury and not the fed rate.