For this particular property I think $800 is certainly achievable, and I like to be conservative.

Well I haven't worked in residential for years and years (long time ago).When I did a newbie investor would be looking for a house with just cosmetic (carpet and paint) to flip.The newbie investor was scared of anything more substantial.Problem was all the regular home buyers would bid close to asking or over because they were fine with fixing up and having 5k to 15k equity afterwords.The investor could not buy at those margins unless they were holding to rent out and the rental numbers made sense for the price paid.So in my opinion finding a home near mint that needs little work at a low price is finding a needle in a haystack.More realistic for flipping is finding properties needing substantial work where the owner occupant is scared away.You the investor can get the problems fixed really cheap below regular labor and material rates.This helps you achieve more leverage to buy the property at a lower price and create more equity on the rehab as well.That is probably where the bigger returns are.

That may be enough to achieve your goals.

Keep up the good work and results will be achieved down the road.

Have a clear roadmap of your goals and the route to achieve them.

You set an education goal and are achieving it.

We are ready to work hard to achieve our goals and will be very appreciative of any advice people give us.We heard the best way to start is wholesaling.

Since you are offering good terms to the lessor you might achieve a higher price when you sell it to him.

The present owner may have achieved that in one year, but that's just not realistic for a building like this (or any property) for any period of time.

You might want to stop by the intro section and tell the forum a little more about yourself and what you want to achieve.