I'm curious as to if it even makes sense to try and get a lower number or if the numbers work at the list price to just offer that.

That said, it is very common for a newbie to break even or even lose a few thousand dollars on their first.

Saving half of that for expenses it would net me $1510 a year if my math is right.Does this make sense?  

With the way property values are jumping, it's starting to make more sense to just build new, rather than renovating and flipping.

Option #1 makes the most tax sense as I'll be paying less in taxes and at least still have some minimal access to the money, but I *hate* that option as I much prefer liquidity.

On my last visit I felt a sense of urgency to try and help the island recover in someway but I believe this is deeper than most of us know.

It's tough to find a property that makes sense, let alone finding a property that has numbers that make sense, along with a unit that you want to live in.

I'd recommend reading through The Ultimate Beginner's Guide for an overview on the common strategies used in REI. 

I know how these things go.So think about it  fully rehabbed 40k home.. that home has to be bought for 5 to 10k  because if you want a home that is rehabbed it needs at least 15 to 25k of work done to it .. so it does not eat you up in cap ex.. so lets say the company wants to make 10k  ( pretty common for house flippers) so the most they can be in the home is 30k  so you are buying the lowest of the low at wholesale values the worse of the worse areas.. and on the face these do not equate into long term steady cash flow vehicles. they just don't  they only are sold to those to new or naive to understand this won't work long term....

I get no believable answers so I go ahead and call the buyer hoping to at least get a sense of whether the deal is legit.So here is what I learned that I need your input on.