All conventional 30yr fixed 25% down loans.

Hi All, I am going to start looking for my first fix and flip deal within the next month.

@Steve Vaughan There are some smaller banks out there that let you cash-out refi as soon as the property is fixed up and rented out. 

I started out doing Fix & Flips and then moved to buying Subject To and putting in Tenant Buyers who do all of the fixing.

The listing says that the roof needs repair so I'm including $20,000 to fix it up ($10k for the roof, $10k for other repairs).Without any modifications, this is not a good deal (Cash Flow: -272/mo, Cash-on-cash return: -2%)! 

That's a pretty inexpensive fix and should at the very least bring in more buyers.

I also need to learn about how to spot house problems and figure out how much fixing it would cost.

I helped the guy I bought the house from, I helped the guy I sold to, and I get to go on a nice vacation with my wife without doing the fix & flip routine.

Financing: VA Loan $0 down, 4.5% interest rate- 30 year fixed (will be owner occupant)My question is: what would you guys offer for a house with previous damage?

@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.