There's an old "Flip This House" episode, tree removal guy standing on a cherry picker 12-15 feet in the air in the back yard sawing through a dead tree . 

Hello all, Plan- For my next investment my plan is to buy a property where I can try the brrr strategy.Problem- The average house in my area is easily 300k so saving for a down payment could be a little slow.Possible solution- Was considering looking into wholesaling, would help accelerate getting the 20% needed.

lending tree

I enjoy having a hand in some of the work and do it to understand what it takes to get the job done, and I have found that it also me with creative solutions.

With criteria being single family homes with 3br 1+ bath.2.Reached out to local credit union and had them sent me a conventional home loan worksheet quote.3.Did go on to lending tree to see if that was a better option with shopping for quotes on loans.

He is having trouble getting them to perform on a contract so the solution is to write a new contract to lease to own?

Here's the deets with a couple of questions at the bottom:Purchase Price - $130,000Appraised Value - $150,000Down Payment - $55,000Loan Terms - 30 year fixed at 4.125%Monthly Rent - $1,595Property Management Fee - 50% of 1st month and 10% monthly One time costs fixing the place up, etc:- $1,500 paint labor- $1,000 Paint supplies- $2,500 tree removal- $500 ancillary- $6,100 - closing costs on noteTotal costs ($11,600 + $55,000 down payment) = 66,600QUESTIONS1) How does this deal rate?

Parks with ~20 homes or less have higher expense ratios around 40% or more, and if there are private utilities then even higher in many cases.Are there deferred capital improvements requires for the infrastructure, roads, tree trimming, etc?  

(use your imagination for this one...)Most useful: An entire attic full of nothing but Christmas trees and decorations.  

I'd clean it off use a solution that has mild bleach in it.. check the crawl space below and exterior walls, or windows, or any roof leaks that are draining toward that area..