I work with a local bank and they offer a pretty sweet deal for flippingI tell them that I'm buying a house and need (X) amount for repairs.I have to pay 15% of total amount down payment at closing.The repair allowance is a line of credit so that I only have to pay interest when I draw the funds out.Interest only loan with a 1yr term.

Originally posted by Steve Babiak:Some of that is already here:http://www.biggerpockets.com/forums/51/topics/60156-llc-s-how-much-risk-is-there-Sweet, thanks!

But probably closer to what @Cailyn Aune said with the 800-1200.I've been learning that using conservative numbers, 100$ a door seems to be the sweet spot unless these are full cash deals.

If you are not ready to make an offer for what you have stressed is your sweet-spot amount, have you at least picked up the phone and asked any questions?

So I'm targeting my "sweet spot" at ARV properties of $125-135 that rent for 950+ that I can go all in for at most $105k with rehab.

Will the tenant say sweetly okay?  

Count your blessing that they reneged out on such a sweet deal.  

If you're truly able to find smokin'-hot deals, I would absolutely recommend you consider either finding a JV partner to help you take them down, or wholesaling those puppies for fast cash.Heck, I know a few hungry investors in Clovis, NM, just an hour-and-a-half away.Just sayin'...

Local investors can do it and it may be great for section 8 or other strategies, but for bread and butter rentals, I find the sweet spot to be $900-$1,200/mo.

It’s just money--not your life, and everyone who loved you a week ago still loves you today—and that’s a heck of a lot more important than the numbers on a report.The birds will still sing, flowers will still bloom, children will still play, and puppies will still curl up in your lap and drift happily to sleep.