What is the condition?  

Problem in my opinion is the condition of the properties.

I figure the condition of the home will not allow for a sale close to 81k.

I would anticipate the price will be bid up as the place is in decent condition.

Worst is when they set the price just below market as if the house was in good condition. 

Thanks again.Did you do any research in the surrounding area or the condition of the property?

Both units appear in excellent condition with my only complaint being the 10ft ceilings.

.  You needed to meet our conditions on rent, deposit, co-signer, use, or other.  You did not provide requested documentation in a timely manner.  Previous landlord/other references failed to provide needed timely information.  We were not able to hold the rental until the date you were able to pay the depositand/or initial rent, assume tenancy, or meet other stipulated conditions.  You did not meet requirements on pets, occupancy, smoking, cars, or other terms.  You did not meet our standards for references, income, felony, credit, history, etc.  Your application was denied based upon a written credit report with optional FICOscore; directions to receive a copy may be obtained by contacting us below.  Your consumer/credit report did not contain sufficient information.  You submitted an incomplete, inaccurate, unclear, or unsigned application.  You did not provide a phone number, call back, or return our calls or emails.  You did not submit the required screening fee.  Other_____________________________________________________________.Submitted Screening Fee:  Since your submitted fee was used in the processing of your application, we regretthat we are not able to return any back to you  Since your submitted fee was not used in the processing of your application, we arereturning/refunding your payment totaling $ _________________.Federal and State guidelines limit us from giving further details other than name, address,and phone number of any consumer reporting agency resulting in denial (by contacting usbelow for a free report copy with right to dispute).

Hard to say without seeing condition, but the numbers look great.  

I wanted to present a thorough and honest look at what is involved in acquiring and flipping a property in the condition this one is in.