If there is conflicting information in the lease, the court will usually favor the person who DIDN'T write the lease, because the lease writer should have been diligent to ensure there is no conflicting information.

I realize in theory anything can cash flow with enough down payment and favorable taxes, mortgage rates, etc-Im just curious as to what investors are seeing in their area with regard to that rule and after factoring in local taxes, insurance, repairs, etc.

This means that the ROI from creativity in deal finding paired with larger investors favors the approved housing investor.

@Ebony King, for a lien auction county in Alabama (as opposed to the old fashioned certificate auction) you are given the opportunity to buy each year's lien as it comes due and is unpaid.

I'll try to repay the favor and pay-it-forward. 

Generally speaking I can get away with more in the contract that favors my buyer, but a new listing agent is really not much different.

Just be prepared for loads and loads of paperworkSome things I remember that weren't bank specific were a projected pro-forma for the business, your resume and anyone else applying's resumes, bank statements, plenty of statements for your funding source for the down-payment, mortgage balances on property you own etc.I have one tip that worked in my favor purely by accident -- but a quick question and I can guide you and provide you the infromation - do you own your own residence or have any investment property? 

The rehabs I have done in the past were all do-it-yourself so the cost was much less but there is so much here, I won't be able to do it all.Even if they accepted a 30-40k offer, I would have alot of cash tied up in this and if the ARV does not come out, the refi may not work in my favor. 

Traditional bank financing, my wife worked at a bank at the time and was able to get favorable financing.

You'd be doing him a favor.