That probably equates to about 20% down. 

Its one of those "two equations in two unknowns" type problems from high school math.An experienced agent, knowledgable in the area, can also give you some ideas.Now, separate the things that are fixable from the things that aren't.

We should factor "all" costs into the equation not just the hard cost.And I no longer need to be the "Young Bull" on the side of the hill looking down at a pasture of cows.

I must admit too that my influence here is not something that equates to dollars for me where many here attempt to gain business through this site, I have been insulted before and probably will be again.....compared to others here I know.Hopefully new people will not put much stock in it and they will take the time to investigate through the profiles as well.

Just because prices have jumped up 20% at trustee sales does not equate to profitable spec buidling numbers.

Changing the math *on any part* of that equation could make it work.

Marie who realize that making money is just part of the equation...

So that fact that you have the ability to see both sides of the equation is immensely valuable for your clientele. 

So, for my two cents if you have the patience to wait it out on a areas then you can remove part of the equation of catching a neighborhood at the right time (GP vs WV).         

The equation for deciding on what to purchase is completely different.