What made you interested in investing in this type of deal?

The property is in a good area and potentially a good deal, however, the piers are the question.

I was planning on using them to fund my next deal. 

Our team helps a lot of out of state and out of town investors find properties that meet their needs (usually parking equity after a 1031 or moving equity from other real estate investments in other markets).Cashflow obviously depends on your LTV, but I would say the days of cash-flowing on an 80% LTV deal in this area are long gone, particularly with increased insurance rates and inflated operating expenses.

I have worked a few wholesale deals and could ask for template.

I also found a more experienced investor to partner with on this deal so it was a great way to learn and prepare myself for owning my own property.

If he has a business entity in the United States, his deal should qualify for private money loans. 

For sophisticated sellers with highly marketed deals, invest extra time in thorough due diligence.Next, assess the property's condition and estimate renovation costs.

Keep us updated as you analyze deals and how it works out for you!

About 95% of people I have talked to that have preached to me that they are getting into a great deal in these area for these prices, end up wanting out and are trying to offload.