You should run the numbers to see if they work for you, but you also need to be realistic about the price. 

Look at the other listings in your area and price point.

Purchase price: $2,900,000 Cash invested: $900,000 Sale price: $4,200,000 Refinance on 2.9mm value.

So who is going to buy it from you at the list price plus your markup?

Am I missing something or is this just not a cashflow opportunity?

Asking these questions helps frame the importance of accepting a good "AS-IS" offer versus risking the termination of the transaction due to unresolved issues.Step 2: Ordering InspectionsOnce we determine the seller's flexibility on price, we order inspections.

Heloc on investment is terrible pricing, you and everyone in the US doesn't want to get rid of their 3% rates but also want that equity.If you want the equity bad enough you've gotta eat the heloc rate or kiss the 3% goodbye.

He has given me permission to build an investment property on this land which I feel very fortunate for this potential opportunity.

I recently went to a conference on this and got some insights:- Moderate price appreciation: The Bay Area housing market is expected to see continued, but more moderate price growth.

First step would be to take to a lender to get pre-approved, that will determine what properties that you can look at and what price points.