The house is almost in foreclosure. it will be auctioned on June 5th. so i need to act swiftly.The owner owes 96k on the house, which is the Principal amount, but when i told her to call her bank for total loan payoff on the house. it was 105k.The house is ARV is worth 168k. doesn't need much repairs at all. about 5k repairs.do i have to factor in the total payoff, or just the pricipal owed on the house which is 96k?

The property is updated so no repairs needed. 

Everything should be negotiated and agreed upon.I am curious if anyone have experience that aligns with these numbers:15% - deal finders fee30% - signing the debt30% - for equity (down payment money)5% - tenant and property management oversight5% - getting financing for processing paperwork and managing lender5% - managing accountant5% - construction/repair management5% - designThanks...

What about general repairs and maintenance?

The other camp of investors puts off maintenance for as long as possible and essentially bleeds a property dry and may have trouble selling at the end because so many repairs have been deferred.

Yes, I always assume that the purchase price (or the ARV if you are making significant repairs) will be the assessed value.

Purchase price possiblity - $80,000ARV - $150,000.70 = 105,000- $30,000 in repairs= 75,000 Rental income would be about $1000.

One of the aspects of purchasing that is most anxiety-inducing for investors is in doing a CMA and figuring out the After Repair Value of the property.

This was actually cheaper than what we estimated it would cost to repair the existing unit.

I mean I had not heard about it as a viable market and I have a pretty good idea of most of the viable markets in the country.. so right there I am thinking wow.then I had done a ton of deals in the deep south and the same homes that were worth 20 to 50k in Memphis were selling for 200k in Charleston same house same condition.. and none cash flowed.. so I knew right there that these were basically all being sold to owner occs and that's where the real money is made in the flipping business unless your going to be a high volume turn key company.So then I am following Boeing pretty strongly being a private pilot.. and I understood they had battery problems with the 787 but they got those worked out..