Their business model is interesting and has a couple different exits strategies when getting a property under contract.

($5,000 / 1% = $500,000) --SeanHi Sean, a couple quick points: 1.

You could also get a couple different agents in the area to get you good comps on what to sell it for and compare on what they say the out price can be. 

@Christian HwangI know it's only been a couple weeks since you first posted but was this thread helpful to you? 

If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.

I have a couple more questions on the subject. 

I don't think I would charge anyone for a chipped handle or two for a couple reasons.

So, a couple of years down the road, your seller gets tired of being on the loan and contacts the bank to get off of the loan. 

I'm in Florida (lower cost), and I picked up a duplex a couple years ago as an owner occupied unit.

I had a couple people try to claim that you could pay off your mortgage in just a few years with it so I looked into it.