Yes this park is only worth $300k.Something is up with $92k expenses.  

{Anyone in the Fort Worth or Tarrant Co area, contact me if you are willing to do such research for a birddog fee when we close on any deals you find for us!}  

Worth getting into ??

Overall though, I view this process as a 10-20 year plan which allows me to retire and just run my properties.

Two thoughts- You can "drive" down every street using google street view.

Because after I run the number I usually only have 150 for cash flow which in my opinion is not worth it and won't account for raised property taxes

Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

Now that we have done some deals, I am not only getting charged 1 point + 12 % interest over a 3-4 month period.When I refinance - my commercial lender charges 1% on the loan along with around $600 in appraisal and doc fees.These bank fees + hard money add up and might be worth shopping.Are these pretty good rates from the lender and bank or can I do better?

Sadly (of course) there is no way.He said his house is worth $160k (that's probably a "rosy" ARV...he owes $105k + arrears on a 1st and 2nd)  I haven't seen the house, but I'm pretty sure it's a mess - he said the basement flooded and he hasn't fixed it. 

Thank you @Michael Mullins-I will definitely use Google Maps to view this listing.