Ouch.PMI I estimated to be 0.05% of the total loan amount $189,000 - divided by 12 -- $78.75 per month.  

The source of the deal should not matter, if you know what the ARV, comps, and/or rent comps are for a property and you can accurately estimate repair costs. 

My current model, as an owner-operator, accounts for my time - here's how:  Each new tenant signs a list of repair estimates they will be charged for various turnover expenses as well as labor at $25/hr for anything not listed. 

If I am going to be turning a profit over 25,000 on my rental portfolio this year as a single member pass through LLC, am I required to make LLET estimated tax payments?

Keep in mind if there are issues you will need to get repair estimates.  

The only additional advice I could give you is that next time you could get a contractor (preferably one that have work with investors before), call the septic company to do a real estimate of the situation and then make your decision (assuming you want to pay for these inspections/estimates). 

That number also makes me question a $30k jump in value. 2) your cap ex and repair estimates seem a little low to me (might be accurate for your area though). 3) in the end, it's your decision as to whether you're comfortable with it or not.

I guess I will need a contractor to walk the property and give me an estimate because the numbers look good. 

Now that I think about it, you might want to agree to a price with the seller, then say ok I will need to send over my contractor to estimate the repairs and if he says the repairs will cost as much as I think they will, then we can move forward with that price and put it under contract.

I tthink ive found a good deal seller wants 55k Zillow is estimating its work 250k is that a good deal to wholesale if I could get any info that would be good.