If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

Had the chance to do this flip with a close friend that did not have to capital to take it on themselves.

The city is eliminating a significant amount of parking near the cross walks.  

“How come my tenant was awarded my property as compensation after they were injured falling out of a 20 foot tree I told them they had to trim?”

Friends who are heading up this project got me interested.

I'm local the SLC area.

.: Well, I appreciate you taking the time to come back with an update.

In my mind its simply NOT an appropriate starter strategy..

To get any cashflow I think I need to be looking for something around $250K, that doesn't need a lot of up front rehab, to give me enough extra for closing and reserves, and in a submarket that will gross 3000/m.

Welcome to the community!