You can easily double your money or better.  

I think this could easily be scaled.Step 1 - Build Your Buyer's ListI've assembled a list of Cash Buyers using Craigslist however I'm not very confident in the quality of my list.

I gave my $300,000 move-in ready beautiful vacant home to this large well known local co in Oct 2016.( Ive owned and self-managed another very similar rental in the same subdivision-- since 1998--and it has never had one day of vacancy in 16 years-- rented at $1860.)This professional pm co put all utilities in their name on my new property and turned the hot water heater ON and the Water ON ( even tho the main water cutoff valve is easily accessible in the coat closet beside the garage, the entire 3 months they 'managed it').They let the property sit VACANT OCT-NOVand on their "routine inspection on Dec 1, to make sure hobos had not moved in" they SAW the water heater in the garage was spewing (at full blast) A 20' stream/ fountain of HOT WATERand that the entire finished closed garage was covered COVERED !!

You can easily shell out 6-10k on repairs.  

. :) Jeff, I'm not sure it's possible to get houses 20% below market easily in Phoenix now.

The latter is unlikely...but you could easily have multiple burst pipes throughout the house that froze for all you know.  

The good thing is that the older houses are pier and beam so the plumber can get under the house easily and not have to crack the slab.I wish I had a name or number for you.

Many could easily get bank loans but it is not worth the grief for them if I have funds available.

I love that it is setup to easily track mortgage info, asset value etc.  

But if this was in Jax and your numbers are correct...let's say 10k rehab and confidently sell for 135k...I could easily do 95k.