Now this is my question...background I'm currently in the Army with about 5 years remaining.

It's only when realizing you rally are not satisfied with the status quo that you get your big boy pants on and go do it. 

. $90k x .85 = $76,500 - less repairs $25k= $51,000 - less acquisition $40k= $11k net profit.Consider the remaining profit you'll receive once this profit is split between partners and after taxes.I'm working on a similar deal right now and thinking that I will rent it out since the profit margin is only around $10k. 

The idea is to look for properties that satisfy the criteria for more than one buyer...in case a buyer is not in a position to move on a deal that matches their criteria.I'm not a believer in wasting time or money, so this is the way I wholesale, and I have found it to be very efficient in every way.Joe VilleneuveREcapSystemA2REIC

A mortgage is basically a lien against a property that says "this property is mine until you pay me back all the money you borrowed or this note is somehow satisfied". 

The 50% remaining goes to debt service and then balance left is your actual cash flow.

Usually a fair deal comes about at the point where neither party is extremely pleased but each party is satisfied. 

The number one reason is usually financial problems, there are other reasons of course, so why don't you tell me yours and maybe we can come up with something that will satisfy both of us.

I'm all for pulling the trigger on a deal if you have the cash and its going to generate the cash flow.While it may be a little high on the LTV side for what I would do, the fact remains that you were able to grow your portfolio and increase your cash flow.

The remaining 50% is your net operating income (NOI).