Some of that could be because the seller simply failed to disclose certain operating costs.

My name is Zach and I was born and raised in Cincinnati, Ohio and continue to live here to this day.

You have to submit an Operating statement for the past two full years and Year to date, Rent Rolls, Copies of leases, a letter of experience for property management, and a history of capital improvements for the past 3 years.  

So ill wait and see and continue to look for other deal.

This means $1k a month will start going into my savings for my next investment.ARV=140K-150K75%=105KOffer=95K /30yr / 4% Interest raterepairs/build-out approx=10Klets say if sold in 2 years approx profit would be 20k-30KI will also be able to keep more of my personal income cashflow of approx 1K a monthafter the build-out and tenant is placed in.and that goes into savings that in approx 2 years will total around 12K to 24K a portion of that savings will build the ER funds to maintain the property.lets say also if halfway through it I decide to move out and rent the otheradditional 3 bedrooms this will grow a monthly cashflow of $1,600making the property cashflow approx 1.5K monthlywith this process I probably do a refi after 2.5years and utilizeit as a tool to continue future purchases.

Lots of these operators exaggerate ARV, etc.

But, I guess I'm asking, should I continue on this route or should I consider something larger and go conventional?

But, I guess I'm asking, should I continue on this route or should I consider something larger and go conventional?

Read through the posts on here asking basic questions and you will understand the importance of operating a business, any business, before you start.

Exterior looks My analysis:estimated purchase price of 110,000 with 20% downApprox 10,000 in repairsAbout 37,000 cash needed2375  Monthly income (1274 for 3 bed and 1100 for 2 bed) - depends if I would continue to let tenants pay utilities or not - this example i'll let tenants pay utilities2375 -  Monthly expenses 1564 =    $811   Cash flow!!!