Hi Greg,Discussion on Ground Floor caught my eye and prompted me to join.I am also a rehabber. 

ARV = $110,000 * 70% = $77,000- Repair Est: $30,000 = $47,000- Wholesale Fee: $12,000 = $35,000 -------Mortgage: $21,000+ Back taxes: $7,500 = $28,500+ Cash to seller: $4,000 = $32,500------Problem: the house hasn't been probated yet.

Here is something a guy named @Andrew Postell put together and I say is well put together:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of….Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”…WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchase price.

I am just really bothered by the fact that she had no respect for our agreement and is now demanding all of these repairs be done at my expense. 

We have 4 units in one building with water intrusion that will probably need extensive repair.  

I also mostly buy fixer uppers, but have excellent repair people and pay less than most for repairs and rehabs.

I am new to the phoenix Arizona area I just came across a deal and i'm wondering if the numbers add up the house has a mortgage on it that the sellers want to be paid off the area where the house is in a decent area they did some work on it they added an extra bedroom so instead of it being a 3br/2th its now a 4br/2th 1,400 sq foot with a lot size over 6000 sq ft the mortgage thats owed is 53k the house needs minimal repairs it really just needs to be updated they want are asking 102k free & clear and they want the mortgage of 53k to be paid off  total asking price including the mortgage price 155k is the total asking price houses in that area have sold for a wide variety of price range is my concern they range selling price is anywhere from 80k all the way up to 210k  properties withing the 1 mile range of the house have sold for 170k to 210k is this a good deal or should i try to go back and renegotiate the deal

You have to value your time - if you have the time to fix them up, then the deal is solid...if you don't have time to swing a hammer, slop some paint on, or replace a toilet, then you're better off going retail.One frustrating thing is there are many folks these days that are buying some of these run down homes  then attempting to rent them out or seller finance them on the condition that you make the repairs. 

I assume some portion of the plumbing / piping needs repaired so I'll say $6k to be safe.

My monthly expenses for the house including mortgage, 5% vacancy rate, 5% repair cost, water, taxes and insurance will be $2,400.