While those escrow accounts are funded from GROSS cash flow - I don’t count those escrows as a part of my income from my business.  

What is it going to cost to get it all setup?

Zillow says it may go for $289k +/-My current tenants are using it for business and pay $2,250 a month.

I would like to know what all qualifies as completely clean here- Electrical wiring is normal and no unlicensed modifications - Structural inspection is also clean.Seller is ready to discount the price by ~20% from market plus the cost to repaint the whole house What are other questions to ask and things to consider in this scenario?

I hired a local handyman by father knew to 'save on repair costs' as opposed to going with one of my usual GC's.

Developing a team across state lines, cheaper contractors are not always best, they cost us time and money because they weren't the right people.

So if a property was offered at $500k, John might offer 2 parcels assessed value of $70k (cost him no more than $1k) and a seller financed note of $380k.  

The biggest drawback I am having is calculating cost for repairs & finding a reputable contractor for a fair price - I know nothing about renovations right now.  

True private money is going to cost 10-12% plus deal equity which often makes the true percentage 20-22% on your money vs alternative lending which will be around 12-14%.Here to chat if you want some help comping a deal and putting one together. 

Would talk to contractors and get a sense of renovation costs and ARVs.