It’s an amazing location, double block with albeit a beautiful run down house that looks like they may have encountered financial problems/heritage permit problems.I’m  thinking about dropping a letter in the mail box with a super low ball offer that will hopefully give me an idea of the owner ever swings past or not.Love to hear if anyone has had any success 

@Benjamin Hedden is the $20,000 invested what you spent on the rehab or does that also include your down payment/closing costs of your loan?

Spent 3 months in Mexico on the Sea of Cortez, another 2 months in the Midwest, and are in Florida now. 

I have wholesaled some contracts on property although these were housing developments were I put up the non refundable EM  and not 100 dollars I spent the dollars getting the entitlements ( usually north of 50k ) and all risk money  and then I did double escrow to bigger builders and make the delta and in many cases its substantial spread  hundreds of thousands . 

Nearly impossible to find a property that checks off all the boxes for the 1% rule.

Originally from Alabama but spent the last decade in collegiate strength and conditioning and started my real estate journey in Tallahassee Florida where I have a 4 unit.

This was my best friend's Dad's house and I spent a lot of time here growing up.

Each property without any loans on it will CF at $10k/yr...with loans $5k/yrOption #1 - Buy all cashCost of each property to REI = $100k# of properties bought = 1Total PV = $100kAccumulated CF = $10k/yearOption #2 - Buy 20% DP and leverage the restCost of each property to REI = $200k# of properties bought = 5Total PV = $500kAccumulated CF = $25k/yearBuy new property for each Option using same method of payment (100% cash or 20%) when CF equals DP needed for each Option.Option #1 - Buy all cashYr      Cash Avail  Spent      New P    #P    New CF    TCF    Cash Left1         $100k         $100k         1          1      $10k       $10k         010       $100k         $10k           1          2      $10k       $20k         0Option #2 - Buy all cashYr     Cash Avail  Spent     New P     #P    New CF     TCF     Cash Left1         $100k        $100k       5           5        $25k      $25k         $25k2         $25k          $20k        1           6        $5k        $30k         $5k3         $35k          $20k        1           7        $5k        $35k         $15k4         $50k          $40k        2           9        $10k      $45k         $10k5         $55k          $40k        2          11       $10k      $55k          $15k6         $70k          $60k        3          14       $15k      $70k          $10k7         $80k          $80k        4          18       $20k      $90k          $10k8         $100k        $100k      5          23       $25k      $115k         09         $115k        $100k       5         28       $25k      $140k         $15k10       $155k        $140k       7          35      $35k      $175k         $15k

If today it's a broke-down car or having no food in the house, and Section 8 money just arrived, that's what it would be spent on.

I’m reading everything I can in my free time but would love if my work time was spent learning about this space as well.