Do your offers go up compared against the 70% rule? 

Many listed properties have an asking price not supported by the property's condition.To make your determination, you need to do a full analysis to see if it matches your criteria, including your expected ROI and cash flow potential as well as the comparable recent sales.

Howdy Brooks,Also just starting out on this RE journey as well.Ideally I'll be looking at duplex or 3-4 unit properties as well; my research thus far is showing that these are pretty few and far between here in town at this time.Would be interested in comparing notes on that.Also I'm in the mortgage biz and am familiar with the 203k loan. 

I meant to say that Las Vegas is not as landlord friendly compare to our states.

Cory, that's a great Q because I just watched Phil's video on YouTube about personal finance where he compares Ramsey, Orman & Kiyosaki and brings up his most valuable resource, The Millionaire Mind by the PhD who interviewed, researched & studied over 700 millionaires most from two to $10M.

Hi everyone -I'm working on a deal in Springfield NJ, but am having difficulty identifying comparable sales.  

lots of rabbit holes out there and what I call due diligence pump and dump scammers.. prey on mid level developers who have never gotten one of these loans.the borrower falls for the 5 to 20k up front fee to perform so called due diligence and the so called lender never closes.I have seen colleagues of mine blow through 100k looking for CHEAP money when they should have just under stood this kind of money in the Private equity world goes out at 10 to 15% apr period unless you have a local bank that will do it like I do. but even then its one project at a time and uber cautious.. they don't want to go back to the bad ole days were they ended up owning pipe farms.. and they generally will only do these with who they determine are their top tier clients.. you cannot in our market be unknown to the bank.. unless your have that monster balance sheet.but in my mind Socal is ground zero for this kind of money.. 

This is just in case if someone will be able to suggest any RE business strategy, different one comparing to my question I am yet to ask, that will for sure meet all my four major requirements I want to have.

All of the mls listing were vacant and needed work compared to 30 Carter which will need nothing at closing.

The primary reason is the low down payment (3.5% initial equity)   compared to the Refinance equity requirements (20% - 30%).