Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

If all you are doing is watching YouTube videos, you don't know as much as you think.

Tons of room to negotiate even on market deals.Very few wholesalers, although I made videos about how to do it.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

Watch as many Brandon Turner and David Greene videos as you can on BRRRR. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

On the site you will find lots of educational videos and networking opportunities he has put together.

Instead, he insulted my profession as an ortho surgeon which indicates to me I was right about his videos. 

Happy to share the video and his presentation if you shoot me a DM. 

I enjoy college football, video games, and lifting weights.