@Chris Doyle - sweet pic dude.

What makes this potentially a sweet deal is that you can do a cash-out refi 6 months after the purchase and borrow back most, if not all, of your investment.$50k purchase, $15k rehab, $5k holding costs/misc. = $70k invested$93k ARV * 75% = $70k (approximately)Your P&I on a 30 year, $70k loan at 5% would be $375, leaving you $50 - $60 a month cashflow based on the 50% rule.As others have pointed out, you can find better cash flow in a cheaper neighborhood, but I'd rather deal with $850/month tenants than $650/month tenants.

I personally would not agree to pay these costs, but if the deal is sweet enough.....  4.

Well guys, since that post I've got two sweet deals under contract.

Massachusetts as an example.Is there a particular sweet spot (lower end of the market vs. middle or high end) for doing high volume wholesaling?

Your agent is probably trying to push you into a deal (they work for commission, remember that golden rule).I actually bought my first property for less than what the seller wanted, all cash, no financing, closed in 7 days, well below the assessment and nearly 40 percent below average market price, rented it out and hauling in sweet money now.

2 months ago I lost a SWEET reo deal and I'm pretty sure it's because I asked for (and included $200 payment for) a 7-day option period.

Build in PM and a maintenance person costs and offer accordingly.If you have to assume self managing and making your own repairs to make the numbers on this deal look sweet then do not do it.

House hacking at its finest : )6.Just FYI- Long Beach ranked 8th nationally among the 100 largest US cities in month-to-month average rent increases and y-o-y from 2016 to 2017 with a 7.8% increaseI’ve contacted multiple planners from building and safety and have gotten the green light that a rear unit can be added as long as it passes through historical commission (yes I know this can be a headache) and as long as it meets parking requirements.I currently have a short and sweet background in real estate appraisal for tax purposes but not so much for real world investing that have real ramifications.

Escrow holder is authorized and instructed to debit Seller’s hold funds and credit Buyer’s account accordingly for the extension fee and pro-rated rent, in that event.I once made an extra $5,500 from a seller who decided to take his sweet time moving out.