Personally I was not stoked on the engagement fee and on that particular project, the listing agent (who promised to notify us if anyone else was kicking the tires on the lots) sold one of them and the project didn't make sense at the new number or units. 

I'll shoot you a private message.

I'm sold! 

In exchange, I have first rights to sell the property through a power of attorney. once it sold, the seller get his agreed price, and I get the rest.

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

Hi Michael,My realtor who sold me the house is going to manage it for me.  

I put 20% down using personal and private lending.How did you add value to the deal?

The problem is so far almost every fixer I've sold has sold for literally hundreds of thousands of dollars more than if I were to sell to a flipper.

I would confirm by seeing the product then going out and checking comparables in that market that have sold. 

Investment Info:

Single-family residence buy & hold investment in Okemos.

Purchase price: $350,000

Cash invested: $10,000

Sale price: $435,000

Primary residence converted to a rental after 2 ...