This person is surely hiding important details they don’t want you to know .

So the numbers (so far) are:Purchase price: 62kARV: 105,000Buying costs: 961.00Rehab: 7-15kUnsure of what the holding costs will be until its rented but I'm estimating 4 months.Utilities: 650Taxes: 300Insurance: 500Interest: 2400So I'll be in it for about 70% ARV.Projected rent: 12000Costs: prop mgt: 1080Maint: 600Capex: 360Utilities: 0 (tenant pays)Vacancy: 1200Tax: 800 (this will go up in october but maybe only 300)Insurance:  still getting numbers but no more than 1200NOI: 6760Debt service will be accounted for after rehab and when I find a good refi option, but I figure I'll pay about 5.5pct and have lending costs (unsure of what those will be) associated with it.  

We own his property with another couple and without all the boring details, no we need to sell. 

Details vary WIDELY from state to state, so you need to understand all the specifics for the state where the property is located.In the case of an HOA auction its likely there will be one or more mortgages that are senior to the HOA. 

Somewhere between $100 and $ 1,000,000 should cover the estimate .There is no way to give you a number even close 

My closing is estimated in Feb next year and if that is true, I am planning to request the builder to move closing date to March.

The property needs A LOT of TLC, detailed out below.Purchase Price: $129,000.00Renovations: $63,120Monthly Rents: $1350.00 per unit, tenant also pays electric, sewer/waterI could certainly use some practice in estimating repair costs, so here are my assumptions for repairs that will be required based on the photos available on MLS.

Rural street with massive lots already has handful of remodels with some listing close to $1M ARV.From BP flip calculator:$900,000.00 After Repair Value ($460,000 List Price $200,000.00 Rehab Budget $150,000.00 Profit Estimated Repairs Total: $200,000.00Could use input on overall deal, as well as typical $cost/ft to add a second floor to bring total to roughly 3,000 sq ft. with a 2nd floor master and bath, perhaps an office or extra BR upstairs as well.

Well, I think that I cover it in this article in a bit of detail: https://www.biggerpockets.com/blogs/10145/66160-ho...There are not a lot of markets left right now that haven't had a large price run up.

Love the nerdy detail of your reply.