If I'm not paying 30% below market value, it's a bad deal.Here's my question: How does an analysis with a -$647.84 Cash Flow / month have a positive $53,189.20 NOI?

The sooner we realize that all of the negative things we were taught and told were bad, we'll be better off. 

I know logic says that they can’t take a House for free, but I cannot find any info or wording regarding paying back a new owner.They always say you cannot sell such a property within 120 days because title won’t insure it, but I wasn’t sure if that was only because the possibility of a redemption for the auction price, or if there was some rule or law that made a transfer illegal or a very bad idea.

I keep my number of guests low to try and keep the headaches and bad reviews to a minimum.

So flipper thinks 100k and his double wide is not a bad deal for him.

It requires hours and hours of reading various posts on the site to try to distinguish the smart and good advice and recommendations from the bad advice. 

Estimating repairs and reserves for capex is the most difficult thing, because you can make a bad deal look good and or vice versa.What I have learned from doing a lot of rehabs, is that every house needs a complete do over every 30-40 years, inside and out.

@Brian Bertschi I see this is your fist post so welcome to BP.First 6-7% is not bad historically.

Are most in pretty bad shape?

I went to go check them out and they were in really (and I mean really) bad shape... ended up passing on the deal because of the condition of the duplexes, but I’ll keep on looking and posting here for advice and hopefully land a deal before year end.