Daniel Holtz It would be good cash flow but why buy something for 20k, spend 50k, and have it be worth 70k?

Good Evening:How do you go about finding Properties that are Distressed ( not properties listed on HUD or HomePath ...... as these properties Never seem to need that much work done to them ) I am looking for properties that I can pick up for around $30,000 - $40,000 and that need $15,000 + worth of Work done to them And who's ARV would be in the $100,000 - $125,000 range I have the Cash at hand to Be All-In on my end of things , at around $80,000 - $90,000 But I don't want to have all of my Cash tied up into one Deal, But I also want to make sure than I can Flip these Properties rather Quickly , by being able to offer them at a Purchase Price at roughly 10% BELOW the current Market's Value on Similar Properties with the same comps, and that are within a 5 Mile Radius of the Properties that I fix N Flip Is a Driving For Dollars approach most Likely my best Bet to find these " Severe " Distressed Properties ( Not so Severe though, that they have Structural or Foundation Issues ).

What did the $60,000 worth of repairs consist of?

The old carpet will be thrown away for sure and I don't think it will be worth keeping the blinds.If the only risk left is that the tenant leaves with the carpet and the blinds, I am OK with that.But if the fact that the tenant "upgrades" the house at her cost can lead to legal issues down the road then I am not so OK with it (situation going sour for some reason).

How much is a cash offer worth?

Did you want to stay focused on the Jacksonville market or are other areas of Florida worth considering?

I estimate the property to be worth about $3.4 million now.Thanks for any input!

I am hoping the tenants aren't a hassle...I think it is worth the sacrifice to learn about managing a property hands on.  

So according to my calculations for my loans which are at 6.8% ($170k worth), I would roughly need a return on an investment of 9.44% to be equal to simply paying off my student loans, based on my tax bracket (if my investment was hit with income tax of 28%).

I have asked my real-estate agent to supply a list, but I'm wondering if this information is publicly available some where as a database.I guess alternatively I could just drive around my target area on google maps street view and make my own map, but this would take quite a while...Cheers,Tom