One of the biggest problems I see for beginners on this site is they read about some story about a guy buying some property in the middle of nowhere for 70% of what it was worth and think they'll be able to go into a super hot seller's market like those found in California or Arizona and get the same deal.

Plan to live in one side and use the rent to build equity.

They were previously renting both sides for $650 /mo a piece.

What I equate completely renovated to is they replaced all plumbing, electrical, heating and air, water heater, new roof, new siding,etc.

The market is hot right now and it is tough to find deals.

The area is pretty hot right now .

I plan on living in one side and renting the other out.

I plan on living in one side and renting the other out.

It was a nominal amount of 729$...but for the sake of being fair I'm trying to gauge what the collective response would be.I agreed on listing the property for no fee (on the listing side) after repairs but ultimately my partners feel that the money from the buyers commission should be treated as profit to the LLC.  

I was presently going off a estimated value and will indeed update the numbers when I can get a contractor in there with me to get a more accurate rehab cost.I was also erring on the side of caution with a little higher Capex and repair holdings since it is an older building.I guess if you break it down that way it might have been a dumb question.