Among many other issues, here are some that concern me:Agreement on current priceRehab budget - fortunately the seller of the 2nd property has been given quotes from other GCs so he should expect something in the neighborhood of our quoteAgreement on ARVHave you done this before?  

I've budgeted 10k for the mold remediation and plumbing work to be done, does this sound right or am I way off base?

Ive been working with a budget of about $100k looking for investment properties, without much luck.

I even had a previous topic about my idea of starting my own website and possibly other efforts (all on a shoestring budget) to create at least on a small scale a "brand name" or "brand identity" because of the general distrust of any "flipped" house here.

: After, coming up with my project plan, the estimate budget for the rehab is approx. 32k.3.

While an extra $200 a month above your current rent+car payments is certainly achievable for a financially-disciplined person, your actual monthly expenses may be far greater than $2,155.When calculating your monthly housing expense, you also need to account for some of the following items that, as a renter, you do not budget-for, in addition to the $2,155 "base" loan payment:HOA (these can sometimes be several 100's per month, especially in condos)Homeowners' Insurance (this will be several 100's per year)Utilities (some may be covered by your condo HOA)Property Tax (if you don't save for this, you'll be scrambling for cash when the bill arrives)Mortgage Insurance (might be required depending on the size of your down payment) The above factors may be why your bank/lender is only qualifying you for a $1500 per month loan; though you can afford $2200 per month in aggregate, the bank does not want the HOA or County of LA to lien the property due to delinquent HOA payments or Property Tax payments, both of which are senior to the Bank's Paper.

@Jessica G. outstanding job you did in the short time and with your budget!

First check the budget for the past few years and see how actual expenses/ income stacked up against it.

We have a $25k marketing budget, and we are direct to the seller.

Owner Pays for heat & water currently.I have included a 30K budget for repairs & Capex.She is asking 900K.Questions..Is this a deal?