I am afraid to suggest it, because if it does not work out, maybe the tenant would sue me later?

If you leverage that 300k, the numbers could definitely work out in your favor.

Marie,Welcome to BP and I hope things work out well for you!

@Dave Foster sounds like a headache due to all he money flippers have to payback in taxes but like you said if you are making a lot of deals then are profiting I guess as a flipper it workout fine as long as money is going in your pocket.

I'm nowhere near Atlanta or Indianapolis and so can't help you, but I'd love to hear your thoughts on BP as you go along and see how those work out.  

YOU don't have to precisely work out holding costs.

No house or potential profit is worth that.When you sit down with your investor to work out an official budget, always plan for 10-15% more than you think you need—and possibly a few extra weeks of work as well.

I work out of a condo on the halifax and outside of the condo there isn't a whole lot going on in the immediate vicinity.  

I have a refi that i need to work out first, and another personal issue as well...

This property is in a great location and the numbers work out based on our conservative analysis.