The owner was tired and  wanted out  so I made the jump and purchased the deal all cash before it went on market. 1 year later, the neighborhood appreciated a bit and I put a mortgage on it and has been performing well until this day (mid-2019) holding steady at 15% COC.

I actually find the building quality to often times be higher than mid-century houses.  

Once you know how much you can afford to spend, whether you’re using a home loan or your personal bank account, you can use this range as a tool to help you find an affordable waterfront condo.Consider Your Preferred StyleWhen comparing a range of homes in the Palm Beach area, you should consider your preferred property style, such as contemporary, modern, and mid-century modern.

They wanted cancel checks and bank statements so hopefully they pay mortgage with same account every month and on time.They also need US company docs, so LLC documents.They really hit them on rate is like mid 7"s and 65% LTV so the client needs to have some liquid and understand its going to take 60 days to close.They also do lexus background check on them, and the client needs to pay for that and they run about $1250.Overall they are easy to close if the client has good clean docs just takes some time to do them.  

A couple of days is different then someone who is always paying mid-month.

@Cara LonsdaleShort and mid term time frame and I don't mind pm managing.

Purchase price: $1,500,006 Cash invested: $398,000 Sale price: $2,514,000 For our first flip property, my husband and I renovated a mid century modern home in the Hollywood Hills.

I am very interested in doing small to mid size multi family units. (8-32 depending on the deal)

@Katie Beth honestly as people said, resell it, you are earning 422$.Hourly minimum wage employee make more than that.As people said above you might be focusing on high/mid end houses, I would focus on cheaper house to pay less loans, I wouldn’t even get out of my bed for 422$, it is a joke for 4 properties.If you do not get minimum 300$+ a month for a property it is just not worth it.

By the end of it (targeting end of November/mid December), the units will be renting out for a minimum of $550 for 1br and $600 for 2br, and assuming $10k in repairs, I'd be looking at $740/mo cashflow and a 15.7% COCROI.