Features:3/2 with flex room (4th bedroom possible with frame out closet in large flex room)Large open concept living/kitchenNew roof (architectural shingles, 2017)A/C 7 years old (manufactured 2010)Front and back wooden deckSmall neighborhood, 7 minutes to uptownAcross the street from Elementary SchoolVaulted CeilingsOriginal Hardwoods in living areas and hallwaysFenced in yardStainless steel range and dishwasherWHAT IT NEEDSMaster bath remodel (there is a very accessibly crawl space, so this should be easy according to the contractors I've spoken with)Reconditioning of hardwoodsNew CarpetPaintRefrigeratorNew interior doorsMinor landscaping (one tree removal)ARV: $220,000Repairs: $20,000LIST: $175,000 What made you interested in investing in this type of deal?

I have analyzed the deal and am seeing that I can make this unit cash flow roughly $200 a month however I am wondering what your experiences are with renting in this price range.

I have a sense of AVR which is in the $850,000-$950,000 range.

I also noticed that the front/back porch and enclosed garage were appraised at $29sq/ft ( considering everything was build as a part of the house by the same construction builder it doesn’t make sense to me) Also: my house was built in 2010 and comparables were 2009-2013 range!

They have their attorney’s opinion that the foreclosure(s) were sufficient and therefore don’t want to release the deposit.

I comped houses with similar square feet and found theres enough sq feet for 2 additional bedrooms, potentially hitting the 352k range. owned the property for a little over a year, with a 50k downpayment. original loan = 333kfinanced = 281kcurrent value = 340k (according to his loan officer)Ive ran it through the usual 70-80% formulas but wanted some extra opinions/ weigh ins before i send him my offer. of course i dont want to insult him, being family and all, but he understands the convenience factor im providing.

With comps in the area ranging from $320-$440k, this one is sure to be a money maker for whoever gets to the table first.

As far as how big, I really want to start with multihomes but it's looking out of my price range and have little connections as I am currently networking.

After you’ve educated yourself sufficiently, go find an area you want to invest in and find an affordable deal.

Could range from 5% in major cities to 10% in some suburbs.