This should keep both of you on target and happy :)

I have private lenders targeted but was waiting for the first real deal to use as a tool when pitching to my lenders for the first time.Thanks for all the input!

Totally agree with @Jon Holdman The range is huge. 15%+ range for target price.

Yo get cards like Office Depot, Target, etc.

Going to renovate it and sell it a max value to an investor with the target of 15% net cap rate.

It would depend on the local area and your target range.

I'm in the middle of this nonsense as I write this, which the listing broker states is targeted towards investors, and not O/O.I walked because the 2nd bathroom in the basement is not permitted, and my guess is that it will cost a great deal to bring it to code, which completely throws off the budget, and I consider that a legit reason to walk.All thoughts, comments, and experiences are welcome.

Usually investors have a target cap rate they're looking for and will make an offer that will achieve that rate IF all of their assumptions to produce NOI are correct. http://en.wikipedia.org/wiki/Capitalization_rateEDIT: 500th post - wooo!!

You have to adjust your flip to your target area/demographic.I guess it doesn't matter if you stay on budget and sell it fast!

@Joel Owens is right on target, this is not a project for a first investment.As you originally posted, this one is tricky.