Asking price $349,000My offer $330,000Appraisal came back at $358,000Monthly mortgage amount $2029.23  (includes property taxes currently set at $5987) Yearly Insurance (est) $110030 year loan, 15k down (closing costs an estimated 8k more) @ 4.14% APR One side Is rented out currently for $1700 and the other i could for maybe $1600-1800  ( its a little dated). 

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

And, are you confident in your ability to analyze a property and estimate rehab costs?  

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookDownload BP’s newest book here some good due diligence in Chapter 10.

The rehab based on my estimate is $120K and I am adding $80K for the unknowns.

Your contractors estimate better be spot on and all-inclusive.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

I mistyped as 250k sorry its 225k and it has an z- estimate around $1495 per month (however realtor is telling it will rent from $1600 -$1800)  ..for the 150k one, I see similar place with current renting list price is $1295.Which one do you think is best option?