Ben,There are a good number of details missing in the information here to make too many determinations.  1) Your CAP rate will be determined by the location which you haven't specified2) Repairs and maintenance seems ridiculously low, unless it was already recently renovated.

I read a blog today by Ben Lybovich that indicated you should use a dollar Amt.

@Ben LeybovichSee, it's not just wholesalers, it's wholesalers and others trying to get creative.

@Ben Leybovich I'm proud to serve.

I have very little capital, so I either have to go @Ben Leybovich on the investments, or I need to figure out ways to pull together capital.From my personal example, I'm able to save about $6k/year from my day job to be used for investing (that's w/ a really stripped back budget).

If he is not licensed in those states - what service can he provide you?

@Ben Lukes I have seen several promising  short sales deals on the MLS and have been having the same questions you brought up.

Originally posted by @Ben Leybovich:Originally posted by @Tina D.

@Ben Sears Say OK you win.

Originally posted by @Ben Sears:@Russell Brazil I think they were realistic.