After number crunching, we want to offer terms that work for 20% down + rehab estimation.. that puts the offer at around $525K.

He crunches data and lists which markets are best for investing.

Quite a steal and they get snatched up pretty quickly but if you crunch the numbers, even with the high interest rate you get pretty close to cutting even on your rent (after you allocate X amount to unforeseen property costs)

Listen to Dave Meyers of BiggerPockets because he crunches the numbers and lists the states best suited for your type of investment.

From a numbers perspective it works but once we start adding what I estimate to be crunching 80k in repairs, coupled with a soft market for high-end homes especially next to heavy industry...I decided on a soft pass. 

Also the person we fund is not under a time crunch to try to get the deals to work  and has to run their business partner through the houses which we know is not their business partner just a litnay of white lies these guys tell sellers..

That also happened while we were in the middle of a deep recession and credit crunch, unlike today.

Based on the prices I see for multi family in Little Rock at a glance I think this is very reachable, pay off the $55K first and get to the number crunching!

Between now and then you can really crunch the numbers on rent vs. costs and decide how much negative you can stomach....at worst you still decide to sell in the spring and maybe it's a $40K loss instead of your current estimate. 

I guess the big question I’ll need to crunch numbers on  is money now vs money later and opportunity cost analysis.