What is a comfortable price range to purchase a house for a flip to avoid these issues.Thanks!

Would a steeply discounted fee structure be sufficient to lure business if the service is still good?

Would a steeply discounted fee structure be sufficient to lure business if the service is still good?

It currently rents for $850, which is under market for this neighborhood (market is probably $950).With taxes, insurance, debt service, management expenses, 10% for maintenance, 10% for capital expenditures, and 10% figured in for vacancy, I'm calculating a current cash flow of $90 / month based on the $850 rent.I know that's not stellar, but here's why I like it:The neighborhood is one of those neighborhoods I really believe in -- it is minutes to downtown, and central to major redevelopment and transit projects in my city (Atlanta), and it may just be one of these hot neighborhoods that becomes one of the great places to live.Right now, this is the cheapest on-market property in the neighborhood -- the closest comps are in the 85-95K range, and several flips (not comps, but nicer houses on the same block) have sold in the $200K range in the past month.

Many times, standard form contracts you may find as part of your organization are not sufficient to protect you.

Especially on the north side of Atlanta, it seems like the places I would live in are out my price range.

Here in Denver for smaller units (1000-1400sf) we are all in (Hard & Soft costs) in the $180-$200/sf range.

Especially on the north side of Atlanta, it seems like the places I would live in are out my price range (with a mortgage).So I feel like I can go a couple of different directions.1.

I paid 150,000 for it and think that my $40,000 budget Will be sufficient to get it looking amazing.

Most of the negative things I've heard stem from the fact about 70% of the residents in the areas are renters vs. homeowners and the market is flooded/competitive for rentals (I've looked up some numbers and they do seem to be roughly in that range).My thought process (I'm a newbie, but still) is that if the place has decent PM or self-management and is priced fairly it will rent *shrugs*.