For those reasons and a couple more, two units can be a bear to get to cashflow correctly.

I’ve averaged these ppl ~30% annually on their money, so they’re hesitant to change strategy at all.It’s my job to simplify and explain things correctly.

If the pro-forma spreadsheet is correct the coworker would be nuts to sell it.But, to be blunt, if your uncle owns 40 doors and they are these $25K per door duplexes he’s going to know 100 times more than me.

I feel like i might have a diamond in the rough here, i just gotta run the numbers correctly. 

If you and your agent think your right just don't sign the release.. the buyer for sure is not going to sign the release to you.. so its just a stalemate..the title company will hold the funds until such time as they interplead it to the court .. then you both hire attornies.. and fight it out.but in the meantime most folks would come up with a win win for this and split the money in some fashion ( assuming your correct that this buyer was out of contract and defaulted)

Anything beyond that, means the margins are perhaps a little too tight and you may want to reconsider doing the deal.If what you’re saying is correct, that 70% ARV does not leave any, or very little money for renovation, than I can already tell the margins on this deal will be tight.

Flood insurance can be costly sometimes (especially if you are working with someone who isn't an expert in the area of insurance)Most agents are generalist and flood is complicated to quote & write correctly so most agent (yes even in Florida are not experts in all the options).

So if someone can assist me on how to look at homes and get the correct details I need to run my numbers to see if a property would make sense to purchase or just some ideas on getting myself familiar with this process.

I'd love to hear the communities thoughts on what they believe the correct course is.With that being said, I am planning on purchasing a 2-4 unit property to owner occupy and house hack.

But I have to say, it took me about a year to win the bid, since I wanted to stay patient and get a true bargain.