True QB does not have the fancy bells and whistles, but for the cost, easy to use and getting thinks rolling managing your properties is just perfect.

An upside down pocket is the perfect shape for it. 

get away from the city and theres a lot more opportunities with less competition and much lower expenses.I worked years as a plumber in most of the areas you've mentioned and struggled to make any progress.

Thanks for sharing Devan.I would think this would be perfect for an "up north" cabin in the woods.

Buying a $200K home for $130K from an unrelated party is perfectly legal.

I recommend a lot of prayer as you decide how to proceed with every aspect and ever decision.Sometimes the outcome won't be perfectly fair.

All you said make perfect sense.

Your conservative ARV is 185k, doesn't work.You need to buy this property for 130k max based on your numbers to make a perfect BRRRR work.Couple examples that I've done recently:Purchase for 95k, rehab 60k, ARV 250k.Purchase price 107.5k, rehab 35k, ARV 200k.

Some folks get away with it, and some don't.

It isn't too hard to do and It is perfect for situations just like this.