This is a "good ole boys" market, it's all about who ya know. $850k is a bonkers price for there, so no surprise this outcome. 

A good way to crush the 1% rule in a market that doesn't offer too much of that, but you are basically writing the property off after however long you plan to implement the strategy for. 

Might have this as an actual deal under contract soon... Just curious if the numbers look right to experienced wholesalers before I lock it in...Let's assume the property is in a healthy market area and that my ARV is...

Good luck Austin!

Yes, cheap builder-grade carpet that after 8 years was still in good shape. 

The good news for your is the  renovation is 10 years old.  

Good luck!!!

@Chris DoucetteIf it sounds to good to be true....It's possible they are just quoting you their P&I payment, when you are thinking they are quoting you principle, interest, taxes, and insurance.  

Is hemlane or Mynd good?

One needs a good bit rehab and houses in that area of NC are now going for 280k and renting for $1200 with comparable sq ft.