I also have investor groups lined up that are looking for wholesale deals and/or acquisitions.  

Sometimes you buy large and process the acquisition, then buy more when your ready.

How do you guys go about doing a seller financing acquisition?

@Tzook Bar Noy investment real estate, unlike equipment, is not used in your trade or business and the acquisition cost cannot be written off in the first year.

BTW: we are having a meetup in Charlotte for a Hands on Rehab experience for : estimating arv, rehab budget and acquisition price.

Also, would you do it again for more property acquisitions? 

Hello everyone. I am a commercial loan officer at a small community bank. I've been a lender for 10 yrs and seen so much in this short timeframe. Safe to say we operate in a totally different way than a big bank does....

As example (just using rounded numbers for simplicity)Asking price 120krehab cost 100kMonthly expenses (not including loan payment/interest): 3.2kMonthly rents (once filled) 5k/moLet's assume utilities paid by tenants, so lets say monthly expenses while vacant are same as when rented, would I just add 9.6k (3.2k * 3 months) to my total acquisition costs in the analysis to determine proper offer price?

As long as all costs involved are considered including the acquisition, rehab, holding, and closing costs for escrow/title and give yourself a pad for extra holding costs in case you can't sell the property right away and a pad for the rehab (for unexpected repairs) and you can still realize the profit you are seeking, then using a wholesaler and/or a hard money lender won't matter.It seems that what made this project unsuccessful for you is the unexpected repairs.Best wishes on any future deals you do!!!!

I want rents to be 1.5% of the all in acquisition cost (purchase, close, and rehab costs).