I'd say at that price, the deal is too slim for me to keep as a rental.

.$11K is a slim profit margin so make sure your rehab numbers are real tight.

If you give me the neighborhood you are referring to and the specs of the home I would give you my two cents on the deal......from initial glance it seems like the deal would be too slim, but your ARV may be higher depending on what you do to the property.

You might, but that's a slim chance.Next exit is to refinance that note in the short term receiving the UPB as quickly as possible, this is the most profitable way to operate in purchasing notes, I like to say it will make your calculator smoke computing your return on you investment.

highly certain of the ARV but too slim for me.

This year's will be slim and we don't expect one next year unless we adjust our withholdings from our full time time jobs to compensate for rental income.

We've built good rapport and he seems interested in moving forward (potential seller-financing with an existing mortgage, out of state owner w/ tenants), and he asked me for references.Since I'm early in my career my investing references are slim (I'm active in my local REI groups and know several serious investors, but have yet to do a deal with them).What would you recommend I do?

Dylan, @Bobbowling idea would be good one extra $600 or more in rent, other then that I think the numbers are to slim at this point.

Many agents will seem enthusiastic/helpful at first, when they don't prequalify You, then lose enthusiasm as they see the slim odds, and small paycheck possible.

agree with @k.marie on your chances being slim to none on buying the note out.