@Theresy Williams anything you find that we can buy I'm happy to JV the profit with you.

Each house clears 300 profit a month.

Everything is gravy, expect I've been stuck with this gross profit of 25-30k on every house.  

If my low ball offer is accepted, and I end up spending a total of $5-7,000 (adding in extra for labor and any surprises)  on repairs, with an estimated monthly income of $650-700 in rent, and yearly taxes at around $1,000 I'm estimating I could make a pretty decent profit, according to my math it would pay itself off in less than 3 years.

Be pre-approved prior of course so you know you can qualify and have a easy transition. 

By Value, I mean that Projected Sales Price - Cost of rehab - purchase price leaves a reasonable amount of profit to make it worth it.On Auction.com, I participate in Auctions every week where I have physically gone to properties, tracked down previous owners, done all kinds of analysis to get an understanding what the rehab cost may look like. 

I am still trying to get my first transaction/client, and ultimately my goal is build leverage from my initial deals to generate more leads and more business to make a full transition into running my own RE practice.

I also have my brother helping me as far as paying down the mortgage or if any expenses come up, once the mortgage is paid off on the duplex we’re either going to keep the property and let it cash flow or sell it and split the profits from the sale 50/50 since we’ll both be paying the mortgage on the duplex.

Base your offers on comp value not list price and try to stick to a formula that includes all costs and a decent profit.

A few banks started to do this and saw the profit in it, then other banks were not as profitable so they lowered there standards and then we came to the whole fiasco of forging documents, lying.Case and point I spoke to someone last month starting a fund with 0 I repeat 0 experience in what they were investing in.