@Mike M.I live in Bellevue (hotter market as compared to neighboring Seattle market).

Or if they do forgive the debt, the seller will have to claim it as income for tax purposes.

ONE, it would be my first REI deal, TWO, analysis paralysis, THREE, its a fairly rural community,FOUR, no comparable properties anywhere around to get a property value.

The place I am planning on marketing to is primarily owner occupied, as the town is currently catching up in appreciation compared to the rest of the area.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

You can use the loan proceeds for any business purpose, including buying another real estate investment if you wish.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Let's compare a simple wholesaler's deal to to the same deal as an exchangor:ARV is 200k,Repairs are 30k,As is value 150k,Purchase price is 70% of ARV minus repairs and 10k assignment fee so 100k.Wholesaler assigns contact and makes 10k..love it.Exchangor has same house worth 150k(as is value) that he/she owes 100k(contract price).

One of the biggest mistakes I have seen less experienced investors do when choosing their first one or two flips is thinking they can save a lot of money by doing a lot of the repair or upgrading working on their own compared with paying a licensed contractor to do the work and mainly because a person doing the work themselves are not as experienced at doing good quality work and frequently will take a lot, a lot, a lot longer to get the work done and if you are financing your deal they you will end up paying a lot more in finance interest and still maybe end up with marginal instead of good quality work and you are only delaying the date for flipping , reselling, or being able to get a property rented.

(although I agree Rentometer is probably fine for reality purposes)