Carl Schmitt However, If a wholesaler is a real player and has a relationship with R.E agent for being a closer, sometimes they may get a call from agent before property is even listed, but the agent is benefiting twice...

Inspect the property for potential deferred maintenance or needed capital improvements (roof, heating system, etc.).

Did you have it professionally inspected?

My market has similar numbers for the same size home and the rents are closer to $1,400-$1,500 even in the better parts of town.Homes in this price range don't normally give you the most bang for your buy and hold buck as compared to lower priced homes.

Schedula A runs up to $2K while we spent on various development plans, soil testing and appraisals closer to $10K.

Recently we went through home inspection for a house in NJ the home have a active UST, when the company came to test the soil for contamination it found that there were previous bores in the ground, it was apparent that a prior test was done.

I'm concerned that a lazy appraisal could come in closer to 60-65% equity.

There are just so many variables, I suggest you just put in an offer with the assumption of spending a few thousand, but with a 21-day inspection contingency period.

Similar 20% down payment.If you're buying a real junker, one that won't pass inspection with a conventional lender, another option is hard money.

My SO didn't find anything that was a deal breaker on his home inspection.