I think we get heavy fines for doing it too, so I don’t think it makes too much sense to do it on purpose.

BUT only if the deal makes sense once you figure in your HM costs the same as you would your rehab, purchase as well as any other cost associated with a flip. 

Hi..i came across a property, and i appreciate for any input you may haveInfo:--------------------------------------------the sellers Real estate agent said..2 family homein its current situation the house worths $308kthe seller is asking $250Kthe house has tenants producing $3800/ monthComps:The houses rehabed afew blocks down  sells around sqft/price $207-$262  i talked with another real estate agent he said 3 families run around $400kEven though this one is not a higher end, it is being asked at $262/sqft   Questions:Does this deal makes sense?

@Courtney Bass thank you, I am trying to get a better idea for both markets and where the numbers would make the most sense for me thats why I am looking in such a large area.

@Terry Lao your advice makes sense.

Again, stick to your criteria and buy when it makes sense regardless of the cost of $.

Get insurance quotes.Find out when they last replaced hot water tanks, roofs, heaters, etc..With the info you gathered determine if it makes sense based on the price.  

It can be good if the deal makes sense. 

It makes sense.

I have good credit and was looking to put about 25% down on the property but any financing I tried to obtain they measured it as a risky investment for this reason (which ended up making sense once explained).