I think that deals are still getting done everywhere, even in NJ where we had a hard stop, but we still have to get out ahead into the future so we don't get bogged down by all the negatives of the present.

Sounds too good to be true that would mean a windfall for those purchasing apartments over the last 2-3 years and present.. 

If there is a reserve for repairs, the reserved funds will be release after the repairs are complete and receipts and (sometimes) the lien waivers for the contractors who did the work, are presented.

What I did was write a business plan and presented it to my "investors".

Eventually  I'll want these guys to negotiate on their own deals and present comps / offer to me beforehand.  

So don’t REIT now present a good value, as their underlying assets are priced much higher?

I've watched a lot of state of the market presentations over the past few weeks and the consensus seems to be that GDP will start to recover in 3Q and substantially pick up in 4Q.

There are many more expenses associated with a flip than this and you’ll discredit yourself if you don’t include these when you present a deal.Assuming your numbers are perfect -- they’re not, and not including any wholesale fee, here’s my estimate of the profit in your deal (click on the image to expand):Here, as I always do, I assume a 6 month flip and a 9.9% + 2 point hard money loan.

. | NOI $16,607 | CoC: 14.94 | Cap R: 7.72% | CashF: $611.56 | Year Build: 2006 |Vacancy: 5% | CapEx: 7% | P Management: 10% | Repairs: 6% | Comparables within half mile.4003 Madison Dr Killeen 76543: $244,000 08/22/20193800 Malibu Ln Killeen 76543: $265,000 12/05/20191401 Dugger Cir Killeen 76543: $250,000 09/01/2019Thank you by the way for any information or input on this matter just wanted to see if it makes sense for an investor at this present day before I tell the home owner and agree with that price.

Coming out of this crisis should present great opportunities for buyers.