Maybe even a little less depending on how much deferred maintenance you anticipate after the Rehab.Would I pursue this deal.  

The interiors of most units will need to be rehabbed, and we anticipated initial rehab costs in the $300,000 range.

All these homes will sell it within a price range subtract the repair cost from the market range is what you anticipate to get.

I'm anticipating I'll be eating the cost.

Bite the bullet regarding the first 2 years of cash flow, (with anticipated high equity) or move along?

I am definitely anticipating declining them due to her report but just figured it was a good opportunity to see what all there is to consider and do before going through with the declination.

*ALERT ALERT* – SOMETIMES LESS IS MORE, YOU HAVE TO ANTICIPATE WHO YOUR END BUYER WILL BE AND SEE IF PERHAPS LESS BEDROOMS CAN EQUATE TO A PROPERTY THAT WILL BE MORE IN DEMAND TO THAT BUYER.

I don't want to get in over my head, I have contractors coming to look at the property to give me estimates, I still have time to back out of the deal if the scope of work is more than anticipated, or possibly negotiate the price of the property. 

I would like to obtain financing on this property so I can use my original investment on a different property.I do not want to use conventional financing because it will take too long to close the loan and we anticipate the property to sell very quickly. 

4.Did they, or is it anticipated, that they will get their full damage deposit back?