I know it depends on the market your in as well as other factors, but what do you personally strive for in your investments??

@Shetal Gandhitime being a factor for you right now when it comes to actually having the deal , how are you planning on managing the flip itself?

It sounds like you may be referring to a factoring company or merchant advance lender.

@Daniel SistoA couple factors will dictate the amount you can take out.  

The bathroom was going to be remodeled anyways, so that isn't really a factor here.Based on all of this, I felt comfortable asking the seller for a price reduction from $187 down to $177.  

Lots of competition and lots of people factoring in price growth.  

So we're now able to calculate just how much we are saving them, and will probably factor that into future rent increases.

Also, the appraiser from the VA will be the determining factor on any required repairs.

Any major factors?

That will give you a better understanding of your water bill expense when your factoring your cash flow and if that's going to make or break your deal.