Yes, it will take some time to comb through the paperwork, but you will learn a tremendous amount about the business plan, the risks of the investment, and quite possibly a few other things you didn’t even think you needed to know.

With the numbers provided, the conservative CoC ROI is (500*12) / 24000 = 25%.Depending on the price of the property and your refi lender's ARV, you would likely be getting 25%-30% equity in the home for a steeply discounted price of 24k.

The end goal is to BRRRR the property and I know that purchasing cash first and refinancing after the repairs is the way to go but I am thinking going at 5% down I wouldn't be leaving a tremendous amount of money in the deal.

You will learn how create a discount cash flow analysis, calculate NPV,  IRR, Operating Expense ratio, Profitability Index etc.

Hey guys, I'm trying to understand the mind set of the "flipper" and how this could be a opportunity to buy if they are willing to discount.

Here's my logic, the smart money has been on SFR for a little while now and as these properties are available to rent, the cash flow opportunity will be tremendous.

@Brandon Elliott, hello fellow Boulder County agent :)Downturns are awesome for buying investments because things are discounted. 

Wholesaling is tough, since you have a background in repairs I definitely believe that will help you tremendously.

You'd likely take a discount on the price, but in my opinion, it's well worth it.  

As an employee, I get first access to our deals and even benefited from an employee discount program, which allowed me to get an even better deal.