Traditional flippers can adjust their model just a little bit to grow into this strategy. 

If the doors were adjusted to a crooked foundation, you might need to readjust or even buy new doors. $$$5.

Specifically the dollars, use and terms of the private lenders cash.Third, if you adjusted your private funds (see "Second" above), you might not need to use HML anymore. 

I work a 9-5 on the other side of town, but would adjust my work week to attend.

I am a new investor.it's great to hear a locals experience so that I can adjust my criteria to be a little more realistic. 

@Chris MasonDistributions generally do not affect taxable income.Based on your OP, Both Johnny and Sally's box 1 on their K-1s will be $100k (roughly that amount for simplicity  -- I won't drag in beginning of the year balances and book to tax adjustments). 

Nothing's more important than adjusting your strategy for the times

You should buy any property anywhere if the price provides your required risk adjusted return.

Try reworking the numbers with those adjustments and see what you get from there.

@Josh Van Lente They take the average overall condition of the property and find similar comps that way, if say 1 comp has neither of the units updated then it will get a positive condition adjustment since yours has 1 unit updated.