If the market drops you would still loose 300 per month and may have to take the loss anyway.  

I will post some info for you in the morning.Better to loose a deposit than $30,000What is the name of this goo-ru?

We will start marketing the $3k unit next week once a few little loose ends are tied up (bathtub fixtures, hooking up appliances).

If it was a cash sale you loose the due diligence the bank will do ( or have the title company do) before closing.I had a similar example just this week where it happened to me on a cash out refi of a multifamily that I own free & clear.

If it goes vacant the managers looses $42 to $60 that month.

The nice thing about doing it this way is that you can see pictures of the properties and also read descriptions and it will give you a good sense of the rental market if you are diligent and do this consistently.There are other sites like rentometer that will give you a range of tents, but you loose the experiential learning curve.

This deal seems like it'll cost more than expected and you could loose a good deal on it. 

Historically All my flips have sold quickly and at the top of the market price.I do take into account the max sold price on the comps when calculating my ARV and typically I run my ARV as 80% of the max sale per square foot, making adjustments (normally down) if necessary based on neighborhood and if my flip is way over the average in square footage and this would push the total sale price way out of bounds.

OK my fellow posters. I need some input regarding a possible business venture as we move into the new year. As my daughter is searching for colleges, we are considering buying property in the same city and she will be...

Was thinking of trying to wholesale first and that way wouldn't loose anything except time and gain valuable experience