Now for the deal itself.It's hard to truly comment on whether it's a deal or not unless all of the terms and conditions and requirements are known.

I am from New York looking to do my first fix & flip in north NJ or even suburbs of New York.I have 40K In capital, 800 credit , I'm trying to find a way to get my first deal with those numbers (If I am too optimistic let me know in the comments) .I'm at the point where I'm looking for areas and neighborhoods that I can make the most of with the tools I currently have, but I don't even know what to look for.I think I'm on the right track but any suggestions or advice would be super beneficial.

It is a common occurrence that they aren't sure if they will stay in the city and have commented on wanting to "test the home and neighborhood".

Its not weird if anyone has a snart *** comment dont post. 3 apts should not b on one water heater. 

Do renters comment on this? 

Open to comments and advice on tips and tricks on real estate in general.

Also, please comment your experiences in the following markets-Columbia, SCFlorence, SCSumter, SCI look forward to hearing from you!

Hi @Matt Werner here are a few comments:-Closing costs look a little low, even for a cash purchase-Is the monthly rent estimate based on actual recent comps?

Your comments reflect a need for much more knowledge regarding this whole 'process'.

These basic formulas do make sense:NOI / Cap Rate = Property ValueProperty Value x Cap Rate = NOINOI / Property Value = Cap RateHowever, an example is given where the NOI is increased by either raising rents or decreasing expenses, and then this comment is made:"In the above examples, you can really start to see the power of using the cap rate in the analyses.