I know real estate finance people have certain rules of thumb for valuing properties.

But I’d recommend trying to get some of your low credit score raised up first before you take on your real estate investment journey because unless you can afford to pay cash for deals you’ll need to finance them and you just won’t get the best interest rates with a lower credit score.

I am trying to secure my finances for my family.

Creative financing is another way to get into real estate with less money down!

The term is for 12-24 months and can finance up to 80% LTV. 

This really depends on if you are using a mortgage to finance the property.

I am also interested in learning how to write offers for seller financing.

Leave the management fee and management reserve, unless you are planning to self manage.CAPex should be a one time cost, so you can remove that once reno is done, but I would add in a maintenances reserve, of 5%-8%.You either need to get a better deal on the property through a discount or creative financing, or increase rents.Do not force a deal.

Hi Nadie,You've gotten some excellent advice here already--I would also add that most lenders have a minimum loan amount of $100k, so that could make it hard to finance as well.John

How did you finance this deal?