If the realtor only works for the other party then it is their job to get their client the most money out of their property.

I wasn't sure on some of the numbers since we're not technically buying this property, that part is already done.

Freddie/Fannie issues come up as well, primarily when PMI is involved, so you need to stay up to date on PMI guidelines if doing short term flips, many of them have NO WAY in 90 days rule, and 90-180 days a 2 Appraisal rule, and it doesnt stop at the PMI company, some Lenders have their own internal set of guidelines on this, so one bank may be able to do it and another cant using the same secondary financing, the funny part is most loan officers have no clue what you are talking about when you try to cove this on the front end.

At the end of the day he should have a house move in ready with under 10k out of his pocket, 110k loan, and the ARV is 140k (conservative).  

For some, the benefits of conduit loans are offset by complex loan documents, high closing costs, market-based pricing that is subject to change prior to loan closing due to adverse market conditions, and loan servicing that is oftentimes handled by a party other than the originating lender.CMBS activity has picked up since its reemergence in 2012, but CMBS lenders have recently found multifamily loans to be difficult to win due to other available lending alternatives.

Learn why they are selling and what the seller NEEDS, to create a WIN-WIN Situation for all parties.

Works great for me - most important part is if you do go this route, it will require a big time commitment to get everything set up (I'd assume it would with any software you choose to use) however once you get through the set up and familiarize yourself with it, your life will get a lot easier.

That is better than a 9% return after almost all expenses if you are looking at this very conservatively.

( A well written (skinny) contract, all the right protection clauses and honest disclosures... automatic extensions.)This business has so many moving parts, seller personalities, dealing with relatives and third party know-it-alls, the estate, seller's agents or lawyers --- be prepared to deal with these gate keepers! 

I like @Rick's response - - UNLESS you are a party to the transaction (for clarity, the buyer OR the seller) you'll only muddy the water and if you were involved as a contractor at any capacity, you can easily get your name sullied needlessly.