If youre saying that the cost of the loan are approx $100k for these figures, then yes, that is ridiculous.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Kate I see Avalara but from looking at their site it is not clear if they are actually making the payments or are they just helping you figure out the amounts to remit?

If you had the time to read the 1,000+ posts I have published, you'd see that I rarely express any opinion (unless asked) and that what I mention is more often than not based on facts and figures.

The only one this year was figuring out streaming and how to work the Roku. 

The first thing you’d need to do is figure out who imposed the restriction.

I know I didn’t start this out the right way and getting all my finances figured out, but I think we turned out ok.

I'm trying to Figure out how to make this potential deal work.Seller wants to sell but not right away because they still use the house for some income. 

I did not want to simply rely on one source so I figured there are people here that would be up-to-date if such a manner was so as well.