You need someone to find the properties for you, someone to honestly evaluate them, take pictures for you, give you an approximate rehab cost estimate, someone to do the rehab and solid property management.

I am looking for a General Contractor for an estimate in Lake Jackson.

Have you used a different method to accommodate rising prices in your budget estimates?

In my defense, it’s difficult to estimate the value and rehab costs of a property you can’t see because you’re on the other side of the planet.

Also, I'd be curious to hear from any flippers in the Atlanta area what you would pay for the home 'as is' and I would also be willing to provide my contractor's rehab estimate and inspection report.

Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent  Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?

Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?

The property will cash flow around $125/month after I move out (conservative estimate)Option B: Conventional Loan with 20% down ($36,000).

Typically you want to look at income once you have an estimate of what a monthly payment would be.

Look at your loan estimate and see what the difference would be by not buying the rate down and how long it will take to realize a gain by buying it down and then make a decision about which way would be better.