So we've got a good chance of selling at that higher range.Using a rehab spread sheet from 123flip.com I came up with these numbers...PURCHASE COSTS:Purchase Price($184,000.00)Inspection(s)$0.00 (partner is an inspector too)Appraisal(s)$0.00Survey(s)($275.00)Lender Fees/Costs($2,000.00)Closing Costs($1,000.00)Other$0.00Total:-$187,275.00REHAB COSTS:Total:-$55,000.00HOLDING COSTS:Mortgage Payments($1,840.00)Property Taxes($600.00)Insurance($300.00)Utilities($600.00)Lawn Care($150.00)Other$0.00Total:-$3,490.00SELLING COSTSSelling Price$324,990.00Purchase Commission($11,040.00)Selling Commission($19,499.40)Buyer Home Warranty($500.00)Buyer Termite Letter($50.00)Buyer's Closing Costs($9,749.70)Seller's Closing Costs($200.00)Total:$283,950.90PROFIT: $38,185.90 Percentage of ARV: 74.61%We haven't done an itemized repair list yet, the $55k is only an estimate.

I was surprised to see a charge for home and termite inspections.

HVAC units fail, tenants break pipes, wood rot is found and termites happen.  

If you haven't heard of that term it could be worth doing a deep dive on the forums/podcasts. 

The property is being sold as is, but hasn't had a termite inspection or protection for approximately 7 years. 

It appears you have water intrusion and termite damage that you're well aware of, have not repaired, but have hidden and that you're hoping the buyer never finds.

:)  Higher value, longer term, it can be a nice brick structure. 

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

Or a termite joke!

About $150k over budget wrong...with everything from a chimney suspended in mid-air to mold remediation and extensive termite damage (all of which could have ben avoided with better up-front diligence).