Is that a bad thing ?

It sounds like you either bought badly or didn't rehab very well.

But I do work in a finance department in the auto industry and far to many times I see young adults your age come into my office with below average credit due to bad financial decisions.

I had some bad experiences with tenants that cost a pretty penny.

Although like Mike said since its closely targeted, giving details of you intentions and interest in the property might not be bad idea.

Paul,...If you're going to wholesale like a professional, only pursue deals that are worth Cash Buyers' time (target for 60% ARV if you're not confident about estimating repairs)Some wholesalers aim to lock up as many houses as possible and then walk away when their 2 cash buyers won't buy [bad] deals.

@Seth Lacey I prefer the Southeast or Southwest as I think most sane people are moving away from bad weather, too much regulation, and too much taxation.

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

Ran the numbers if it was just going the one occuppant with all the insurance and a down payment of $10k Cash flow is low - $73/m but that is based off one occupant @ $1850/mCap rate is around 9.6%And COC is around 8.7%If the other is rented out then number change but trying to be conservative.Is this a good deal or bad?

Some are mere over-contributions.Again, I understand why, as a matter of policy & preference, you might advise the layman that a benefit either way is a bad idea.