My ad says, “Full market value minus repairs.”

Purchase price: $230,000 Cash invested: $15,000 230k Purchase PriceFHA 3.5% 8,500 + Closing costs 3,000, + 3,500 in repairs, upgrades.Currently Renting each room for 500.

No mention of this in the auction listing.Another had a split foundation--splitting in half by several inches, front to back, repaired with foam. 

Turns out she had it listed with a realtor for 6 months, realtor inflated the price to get there commission (which happens a lot) , she just ended the contract and was about to rent it anyway so when I said why dont you rent it to someone that will take care of the day to day repairs then buy it?

Using a quality paint like Sherwin Williams will make a big difference also.

I have a good understanding of everything except for the following; ARV, repair costs, and fixed costs.

HUD does not disclose or repair defects.Cash is best.Bob

This could help in the process of having extra cash to furnish the house and for cosmetic repairs. 

Here are the details:Asking Price: $181,000Our offer: $170,000Estimated Repairs: $30,000ARV: 275,000We have enough cash for the down payment but not enough for the entire home or the renovations. 

Are you guys using 6.7% in vacancy, 10% in repairs, and 10% capitalization in SFH and duplex/triplex/fourplex in Winter Garden?