However, every used car I buy IS an off-lease vehicle due to the fact that I am guaranteed low mileage and someone who took better care of their leased car than the average owner would.I do trade up every 2-3 years and still feel like I am coming out ahead over a lease.Just my two cents...Disclosure: Brother-in-Law owns 16 new car dealerships throughout the US, so my reply may be biased.

Also get ahead of were demographic groups that are high income and like nice properties are buying they tend to be clannish there is upside there as well.

I'd like to see some wholesaling formulas in there and I probably won't use the rental part very often.

We went ahead and bought.

It is simple formula: By as low as possible, fix what needs to be fixed, replace what needs to be replaced, then sell as high as possible.

Here is more information about what this will include:http://www.biggerpockets.com/renewsblog/2010/03/17...Let's say you determine your fixed costs to be $20K, then your profit would be:Profit = ARV - Purchase - Rehab - FixedProfit = $154K - $98K - $26K - $20KProfit = $10KIf you've like to define your own profit target, rearrange the formula and then you can let your other numbers determine your maximum purchase price. 

But it will give you a head start and make you aware of any obvious problems.Jaclyn

Thank you for every ones inputYeah, I think I'm going to go ahead and try to purchase as an InvestorSince I'm wanting to Flip the house, I figured that a bit more patience on my end will be well worth it vs buying as an O.O. and only having to put 5% down for the 10% down, that is required if you purchase as an investorCan someone please clarify how a Renovation loan via a HomePath property works.....

I know that the general (ARV x .70 less repairs) formula doesn't necessarily work in a hot selling market like Denver or any hot market for that matter.

And if I decide to bid less on the List Price, what is the recommended percentage, ok I am getting ahead of myself, I am buying A Home for myself and my family.