Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low. 

There is a high demand for rentals and not nearly enough inventory.

I am looking for a mentor to help my partner and I guide us through real estate investment  acquisitions and hard money lending borrowers.

if it's liquor store, it may impact the price.

Jack Bosch and a lot of the land flipper guys who teach it like to have their students buying in the high deserts and remote areas of the Western US  or in FLA like le High Acres etc. this is were cheap land is and land that gets traded constantly at tax sales.. the play for most of them is really simple.buy at tax sale or with direct mail.. for a few grand  re-market them for more and sell on terms and collect monthly payments.. 

With its affordable acquisition costs and strong rental yields, there's a significant opportunity for excellent cash flow.Would love to connect and chat about the philly area!

@Bryson WilliamsTypically you would have your tenants pay their own utilities since you wouldn't want to cover someone's high water or electricity/gas bills but some cities will put a lien on your property if certain utilities aren't paid.

I was able to set and get the rent high enough at the AZ home to cover both the orginal mortgage and the equity loan.  

I live in California and like many California Investors prices are just too high in the area I live.

There are major manufacturers and distribution centers as local economic drivers that help support a high quality of life for its' residents.Montgomery, Alabama is centrally located and perfectly positioned in the Sun Belt.