@Mike McCarthy Does the closing gets delayed due to Subordination process?

Minimal to get approval and a $65 feeVSType B (3BR or more) "required to go through the City’s conditional use land review process." with a whopping fee of $5800. 

Sorry for the delay, I have a hard time figuring out how to reply and find my post.

Whats going on Osman,Your monthly marketing budget is the deciding factor here.If you have a minimal marketing budget then you are in what I like to call the HUSTLE stage.This will include you substituting what you don't have in capital with hustle and hunger.You do this by:Cold calling, Driving for Dollars, Self made bandit signs, Hand written letters, etc.The key is to take action and give this business ALL you've got.Best of luck!

Usually this difference is minimal for most involved in REI (the difference between $500 and $1500 avg) but for for negative cash flow situations or beginners it could matter. 

If we made an offer, it would be at the top of our budget (trying to avoid jumbo loan, so any increase in price or charges is straight out of our pocket) so we would have to minimize commission and fees on this one even on our end, to make the deal work.I don't wanna throw our realtor under the bus or anything, but I just don't have the experience trying to make a deal like this work, so any info is helpful. 

Both markets are super duper competitive and TX has a ton more Wholesalers than FL competing to get deals as well and the more urban you get the more competitive it'll be.For Florida definitely stay away from Miami, deals margin size will be minimal at best and yes most inventory is getting picked up within a day or so. 

The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

Take a look in some of the outskirt Atlanta counties, but you aren't very likely to find anything on the market that needs minimal work and will cash flow.

I have a unit with electric baseboards an while maintenance is minimal there are always cost complaints.Mini splits supposedly cost less to run then electric baseboard but I have not tried them as we would need an electrical upgrade.