Since you are a pro, use the calculators provided under tools to help but here is my quick rundown on a post-it:Buy = $80kRehab = $30kHML Points = $3kHML Interest = $3k (assuming 90 days held total)Holding Costs = $1,500 (assuming 90 days electric, gas, water/trash/sewer, builders risk ins, prop tax)*Selling Costs = $10k (6% relator fees, 1.5% closing costs)Sale Price = $135kProfit = $7,500*I am taking a very high level guess on your holding costsFor me this is WAY too thin of a margin.

The ability to make a positive difference in my community by striving to provide clean, safe, affordable, comfortable and quiet housing for responsible renters.There is a severe housing crisis in many parts of the country.

@Andrew S. 2 quick questions:What states are these properties in?

But to be safe, zip codes 98501, 98506, 98502 are going to be your best bets to stay in the Olympia school district (always double-check of course). 

So if your portfolio lenders can close quicker, and your seller HAS to have a quick closing because they are facing foreclosure....or whatever....then portfolio is your only option. 

Anyone looking to sell quick or just looking to unload a property at a deal?

@Joe Splitrock  Yes That's what I meant when I said I could possibly safe 30k. 

Technically, this house can easily be made into 3/4 units but just to be safe; I was planning on keeping it at two units with the attic or basement reserved for myself until I get things running.

Interest only HELOC is good if you do flipping or BRRRR when you can quickly sell or refinance to avoid HELOC rates spiking.We got HELOC with American Heritage credit union.

I would also add on that you should ask them what deals they have closed in the past and ask them for some details on those deals so that you can see what numbers they work with, their level of detail, and if their deals make sense to you, because as you will see in this industry there are a lot of people who think they can make a quick buck and have absolutely no idea about finding a reasonable ARV, repair estimates ballpark, and/or calculate closing/holding/financing fees that buyers will incur.Also, make sure that they actually have the original contract to the house if they're assigning it to you because some people try to wholesale other wholesalers' deals and it's a mess.