I know it's highly unlikely that anyone with much common sense would do but I'm willing to bet there are some out there that have done it. 

View report*This link comes directly from our calculators, based on information input by the member who posted.I am a bit confused as to how the total cash invested is calculated , my numbers arent the same as that in the calculator:TOTAL CASH REQUIRED AT AQUISITION Purchase price: 70000  Repair cost: 30000  ARV: 120000  Hard money loan(75% of arv): 90000  Points on loan: 2700Closing cost:2500   Total needed at aquisition: (70000+30000-90000)+2500=12500; the same as the calculator but arent the points paid on a hard money loan paid upfront?

Educated buyers are only going to purchase a property that can produce a decent return, and that means total revenue minus total costs. 

2 duplexes (4 units) next to each other same seller. 2 tax IDs,  under $280k total.

I'd bet all my holdingS you are being contacted by 👦 who have I'll intent. no serious investor is going to reach out to an unknown in face 📖 Care to share your fb link. 

IF they negotiate a total commission of even 2% and their home is listed on the MLS, the buy side commission has to be listed.

@Barbara Teel, I totally agree with Cassi on this one.

.$500,000 Value requires $150,000 + $22,000 Closing Cost so total of $172,000 Down + %5.4 APR 5 ARM + 24 months payments needs to be in the bank account which is approx $73,000At the end of the 5 years, the mortgage will be something around $322,000 so with the appreciation etc if we sell the house around $600,000 which - $172,000 - 322,000 = $106,000 NET max return.But if we go all cash , he can make Approx $225,000 ( total rental income + average appreciation)Or If we do All Renovation + All Cash deal =$550,000 investment in 5-year approx profit will be around $300,000If you'd have the All Cash Funds and if you would locate overseas so you don't have time but you also want to make profit , what would you do in this situation?

Also, from May-Aug. we paid a total of $4,000 in holding cost to cover the HELOC payment.

As a total newbie I may well be wrong, but I chose to approach it from the point of view of where someone like myself would want to live.