After getting some info from them and getting some comps I determine that the ARV is 200K with 20K in repair costs.I offer them 100K (50% of the ARV) and they accept it.Now I'm going to try and find a buyer for it at 60% ARV.200K x 60% = 120K120K - 20K = 100KObviously these numbers don't work since I'd be breaking even.In order to make this deal worth while I'd either have to:1) Offer the seller less than 50% of the ARV.2) Try to find a buyer who will pay more than 60% ARV.How likely is it that a seller will take less than 50% of ARV?

Underwriters have to hang their hat something tangible to overrule accepted guidelines...and that's what you're doing...asking for an exception to the rule.If you can give them "improvements" with receipts as the pin to hang their hat on...you have a decent shot at them waiving the seasoning rule.Other than that ....I can't think of any legit way...

The law lingo that goes along with getting a property that your able to flip to another investor is impossible because banks don't accept it.

Of course you would say no to an investment that only produced a 5% COC.What is an acceptable COC you ask?

I am waiting to hear if the bank accepted my offer for a foreclosure (this is my first one).

This reminds me a little of a challenge that Robert Allen (book writer ex neighbor of mine) accepted to go to a town with no money down and buy a property.

I'll also apply for all the government handouts that they offer to landlords, like my latest dabble into socialism with the government weatherization program.

Do I return the portion of rent I received and demand the full amount or accept it?

Profile photos here and on every other social network are so people can feel like they are dealing with an actual person.

Assuming that the NOI is correct, here is how I see this deal:Monthly NOI: $33,500Mortgage (30 yr, 7%, $3.75 Million): $24,950 per monthCash flow: $8,550 per monthWithout knowing what the number of units are, it's hard to tell if this is an acceptable deal or not.