Usually it's something to do with the place, location, etc.

@ Ryan Johnston thanks a lot , that help a lot and I am going to spend some time with any banker to collect some info.I got experience with the mortgage paperwork because I own a house in 2012 and I sold it in 2016 and I bought my other one and this one in good location and my family love it but in both houses I used FHA loans mean no down payment.Also I just got personal loan and paid off almost 60% of my debt.I can't wait till I flip my first house.Thanks

@Michael Lange I'm interested to know the location of the property you purchased.

I am in Houston, and if there are others in the area that are interested, perhaps we could meet monthly at a central location and have our own little MasterMind Group.  

@Lincoln Selk depending on location that isn't a very good deal.

Furthermore, understanding the person that you want to serve will help you determine the best location of the property within a submarket and even help you to determine the most appropriate team members. 

Absolutely you can bring in professional help from a licensed contractor who can locate the problems and estimate repair costs and a timeframe of how long it will take.If you are working with a professional buyers agent,they should know a minimum of 3 excellent contractors who will give you a free estimate.

Great location and beautiful neighborhood.

Purchase price: $125,000 (assuming offer is accepted)Down payment: $25,000 (20%)Financing: 30 yr @ 5% = $540 /moInitial rehab: $5,000Closing cost: $2,0001st yr Insurance: $1440Taxes: $120 /moInsurance: $120 /moVacancy: $150 /mo (8%)Maint/Cap-Ex: $270 /mo (15%)TOTAL EXPENSES: $1200Rent: $450 /unitTOTAL INCOME: $1800Cashflow: $600 /moCash on Cash: 21.5%Here is a link to the listing if it may provide more insight:Quadplex ListingThe unit is located on a decent street in a very small town (<10,000).

Many locations.