Please look at my numbers and see if they make sense.

The last two charts show at what purchase price this deal would make sense at ($160k).

If it is a new build the 3% capex might make sense but the maintenance would still be too low.

Does it make sense to pull the equity out to purchase cash flowing properties?

Ideally I want to put 20% down and finance the other 80%, but how do I go about doing this and what interest rates would make sense?

Get a sense of how motivated they are to sell.

Dont get caught up in a bidding war. if it makes sense at your numbers stick to it.3.

I can buy the house if they are in a situation where a below market cash sale makes sense, or if they just want it listed for market value I can do that as well.

That doesn't make a lot of sense to me.

However, in the past we have been "hobby flippers" one a year, this year our goal is to do 12 houses,, we are on target for 8 right now as we continue to scale up on our contractors and qualified help.I hope this was enough info to make sense.