I believe after review of the comps, I can put a much BETTER product on the market.Comps$590,000 or $275.6/SqFt - 6380 Surfside Way 3/2 2141/SqFt$430,000 or $260.4/SqFt - 661 Benham Way 3/2 1701/SqFt5 Month Project Duration - 2.5 Month Rehab / 2.5 Month SaleARV = $595,000 or $275/SqFt@  4/2 2163 SqFtRehab = $180,000Fixed Cost (Sales Com, Sales Closing cost, NON cash outlay)$39,885Cash Outlay ( Buying Closing Cost, Monthly Loan payments,Utilities, Etc)$20,962Purchase Price = $261,000595000 - 180000 - 60847 - 261000 =Profit =$93153Note**** that there are TWO loans in place here.

.- it's always good to see another Hoosier utilizing this great site!

Who will be responsible for getting utilities turned on and paid?  

Biggest problem I see with those older home conversions is most of them require the owner to pay utilities cause it wasnt made for and split up in apartments. 

Other positives- both units are metered separately on all utilities so tenants can pay their own utilities and save me that headache of trying to figure out who pays what.

I don't usually overlook unpaid utility bills.

I'm certainly already learning a lot, and I look forward to utilizing it as a tool in my business.  

Flippers achieving $40k profits should look into utilizing an S-Corporation.

Keep your utilization less then 30%.

Now we need to find wholesalers and purchase and sell houses to build up a pot of cash to utilize for potential fix and flips or fix and holds for rentals.