We ended up with around $60k in equity at the lowest price evaluation for the home after all the repairs.In 2010 I got the itch & I was able to get a $160k loan for another auction property, this time in N Tacoma & again, ended up with a heavy fixer. 

I'm looking for the best deal just like him and after speaking with everyone in this forum, I quickly realized that it wasn't a deal at all.You guys really helped me evaluate what to look for in order to determine if a partnership is worth it.

I'm not sure why so many advocate putting offers in on several properties at a time when the liquidity is not there.There are several properties that I evaluate and analyze (always honing your skills) and then choose which one I will offer.

I am currently trying to evaluate a single family home and could use help from someone with experience to know if there is enough potential to move forward.

Jason Clifford the main thing is being able to evaluate a good deal from a bad one so that you can lend appropriately.I started private lending after I did a dozen or so rehabs.You may want to look at syndications, maybe even apt complex deals via syndications.Just my $0.02

Let me know if you have any questions about starting out and finding/evaluating deals

All the guys out there selling $3995 courses to teach the 'secret' of making a Billion dollars with Sub2 deals will not give you an honest evaluation of the strategy - nor will I.

Check out the #AskBP podcast episode #88: how to use the 50% rule when evaluating rental properties.

Especially when evaluating gross income and cash flow?

Every deal has to be evaluated according to the terms presented.