Here’s the breakdown of your situation:Capital Gains: About roughly 45.53% of each payment (including the down payment, annual payments, and balloon payment) will be taxed as capital gains, and the rest will be considered a return of principal.Interest: The IRS requires interest to be charged.

Does anyone have a decent rough estimate for this type of work or a suggestion on where I can get it?   

I was wondering what are wholesalers and flippers in the Columbus Ohio area using to roughly estimate rehab cost per square feet?

@Payvand MilaniThere are many paths to success and it sounds like you have a rough goal about why you're investing.

The fees are always going to be "high" on these because a lot of the costs are fixed, so roughly the same on a $90,000 loan as a $900,000 loan. 

Some people accuse them of being a bit guru-reminiscent.

If you could work it into a combination STR/MTR and rent mid-term to people working in the area for the down months, the market could work, but aside from that I don't see a ton of value in that market for the prices you have to pay, you basically have to make a years worth of expenses in a 4-5 month span.I don't have specific knowledge of any of the other markets on the list, but based on this one it seems like not much analysis went in to any of these properties and its strictly based on a rough estimates of revenue.

We do roughly 15 flips a year and do it exactly the way you do and it get's the accounting and taxes done but there has to be a better way.

You'll also want to up the budget around 90-120k for single families and 140-180k for duplexes otherwise you'll either be 1- in really rough areas that nobody wants to rent in. high vacancy, crime etc.

If you don't mind fixing up rough properties, we have found good opportunities in southern Virginia, we do a lot of renovate and hold in the Martinsville area