@Joshua M Pozzi to be honest $300 per month is a really tight budget.  

My guess that finding a tight cap rate for this type of asset will be difficult.Congrats on the deal.

Even if a property has little or no repairs this year, an accounting must be made or a repair allowance (depreciation), so that we don't have one year where repairs are twenty times what they've been the previous four.This makes profitability tight.  

They answer any questions, send updated accountings, and they are really responsive, which is really important when you're on such tight deadlines.

A FHA loan makes sense if cash is tight. 

He's licensed in every state, super investor friendly even at say 65k loans and actually meets deadlines.

Real estate is up and rates are rising and predicted to rise throughout 2017... which would normally put downward pressure on prices but at the same time inventory is tight which would normally put upward pressure on prices. 

hi Michaela  Well I guess city water got me for the $3200 as I was not aware that it they could not put a lien on my house as they threatened so I paid them and it’s been a year so it’s past the 6 month deadline.  

(Know the rates before you choose your lender) 20k(It's tight) is enough to buy a 100k house with an ARV of 175k.

I think the deal sounds tight, but that is just my opinion.