Conservative calculations put the CAP rate at 8.5% with C on C of 19%.

I'll bet some of them don't actually have the money or wherewith-all to fix up their property.

(I have been in the same field of work for 6 years but moved to a new state 10 months ago)Its looking like I will have to wait at least another year to have my full income included in my DTI calculations.

Now, if I take a reasonable valuation of about $1.1m (the slightly smaller, less nicely renovated house literally two houses over sold for about $1m a year or two ago) and throw that into a mortgage calculator with 20% down and comparable taxes/insurance, I get about $4,500/mth.

I wrote a BiggerPockets post on how to find comps and adjust them for that first step of finding ARV that might be helpful: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueIs there any other part of flipping that is holding you back from getting closer to your first deal?

I calculate either 2 weeks or 5% vacancy for mine.

Ran the numbers on BP rental calculator and cashflow/ROI look good!

.- I would question the use of rent roll in calculating the assessed value.

Your best bet is to show the broker your current liquidity and the purchase price range you are targeting.

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