I haven't found a deal yet but I have created a small buyers list.The home I am looking at now is boarded up and the listing says that they are asking $22kI tried using the flip calculator on BP but it confused me a little.I checked against 3 other comps and determined that the home can sell between $90k-$100k.When I put the numbers into the BP calculator it gave me: According to the data you provided, you can afford to offer $27,900.00 to get this property under contract and your end buyer will pay $32,900.00 for the property, netting you a wholesale fee of $5,000.00.

I'm not trying to sell the property on this post, so hopefully it doesn't get flagged for that reason, I just wanted to be completely transparent about the whole situation so anyone willing to offer some advice would know what I'm dealing with.

In this case, the banks will probably tell you it's not a good idea in their own way by declining to offer financing for the scenario.Keep at it, and best of luck to you.

It was definitely a nice to offer the extras you were going to do but very unnecessary.

If they squeal, You tell them that the reason for this, is that you want to offer them top dollar for their property and in order to do this you need to conduct some financial due diligence.2.

So I'm going to offer to put it on contract for 10k.

While I do screen my tenants very well, I was just thinking this would be a great option to offer tenants, but not to be.      

Anyway try talking to an experienced bankruptcy attorney and see if they cannot offer you a workable solution.You do not want to offer to purchase this house at a price that would be lower than what you can get for it if you should find you also have to sell it. 

We are not under contract and I want to make sure my math and my estimates make sense so I can go in with a strong position as what to offer. 

You just need to offer something of value to get potential home sellers to raise their hand.