As a best-case scenario on a $105,000 acquisition (actually more bc there will be closing costs, too), that's still not a good investment.

Regarding your IRR calculation, what was the total acquisition cost and were extra funds contributed over the 5 years period?

I would like to learn about house flipping and rental properties by helping with current flips and acquisitions.  

Account Closed I would be cautious with Networth Realty or New Western Acquisitions.

I can also help with property acquisition here as well!

We use MLS for acquisitions and have used some auction sites.

@Kyle Godbout  - those numbers sound solid to me, and the acquisition would help you get closer to your goal of 40 units by age 40.  

I want the bank to finance the 175k acquisition price so that also makes it a little tricky?

The company is roughly organized into (1) acquisitions, (2) asset management/operations, (3) risk management (also construction), (4) finance/tax, and (5) legal.This is an awesome learning opportunity, and I want to take full advantage of it.

I personally prefer to close at the end of the year, you don't get much depreciation but you can use some acquisition costs as deductions.