If they are asking 59500 and the ARV is $70k with $20k in repairs needed, then it's a no go unless you can communicate to them the value of the place based on repairs needed and show them amount of work and get them to sell it at a realistic price is the point.

Next time I would like to suggest considering a no name quartz brand, of course it would not be from Spain like Silestone.

Model 1: We’re paying 60% down:No. of properties: 22Sum invested by 2027: $2,161,084Sum of property values: $3,695,780 (we assumed 3% growth every year)Net worth: $1,391,394 (sum of property values less sum of mortgages)Sum of Cash Flows: $263,240 (from day 1 investing to end of 2027)Sum of Cash Flows of year 2027: $50,209 Present Value (of future cash flows): $158,107Model 2: We’re paying 100% down:No. of properties: 14Sum invested by 2027: $2,167,891Sum of property values: $2,351,860Net worth: $2,351,860Sum of Cash Flows: $459,477Sum of Cash Flows of year 2027: $83,368 Present Value (of future cash flows): $284,567It’s a no brainer: for our particular case, where cash flow at 2027 is the target, 100% down gives us $33,000 more every year than paying 60% down.

What's worse (bigger issue) is that you assume that a lender is going to give you a no-money-down 30-year-fixed mortgage based on an appraisal.  

I am confident that I could land my first deal ASAP, which will have to be a no to low money down approach if I go about it by myself.

aaaaaaaand it's a no ha.

There's no AVG size loan but anything below $50,000 is a no, and that's stretching it.

Maybe you choose to put it in a "no repair" jar and it goes towards a new property or something else.

To me, this is a no-brainer: I wouldn't do it.You would have to spend your hard earned money with nearly 0% chance of getting a return on it because the rent will stay flat.  

Cash out Refi is a no go in Texas from what I understand, so I would be applying for a HELOC.What contingencies should be included in the contract offer?