@Julie Belton, the cap ex, repairs and insurance expenses seem too low to me.

I'm a big reader and listen to many audio books, one of the books that I listen to was The Book on Investing in Real Estate with No (and Low) Money Down.

I have them tested every fall and the a/c tested every spring to try to avoid them going out during their season.

Hey @Brandon Blase Look into Low down payment stuff (203k loans - for rehabs, and FHA loans for normal purchases).

I know the repair costs will likely be north of $20,000, but it might help take the sting out of the low offer, and provide some justification.  

So, the summer market season has already come off it's peak.Below is a overview of single family homes on the MLS in the $150K - $210K range in the north Austin/ Round Rock/ Pflugerville area:Duplexes in these areas at the $150K - $210K range will be much harder to come by and will likely require some extensive rehab.I'll be in touch shortly.

You can find all the contractors you need -- just go to Lows or Home Depot 5:30 in the morning and talk to the folks buying material for their next job - negotiate Charles 

(DO Ask for receipts if it's for material deposits.)Share competing bid information and "bid shop".Encourage bidders to get into a bidding war.Try to low-ball contractors.....they will try to cut corners or make it up with change orders a lot of times.And finally, DON'T assume that "All Contractors are Crooks" or that "All Contractors Will Rip You Off".  

Hello BP Family, We're interviewing seasoned CPA's who work year around and focus on Real Estate both on the brokrage side and investmenting.

On the other hand, purchase prices at these sales can be very low.