However, just for purely deal analysis purposes based on the amount of gross income, I'd like to know what you'd pay for it.

Based on the calculator I used, that shows a CoC return of only 7.8%.However, if I only put 20% of the 70k purchase price down, plus paid cash for closing costs and the other misc. items, I'm out of pocket about 18k, with a cash flow of $2,160 for the year (assuming 30 yr mortgage at 5%).

I am an investor based in South Philadelphia looking for advice be opportunities in the city and around the country.

Following my first post when I asked some advices on a new start for our family run LLC based in France, here's another question for you guys.

If you are a flipper looking for your next project, or buy and hold investor, please message me so I can learn the specifics of your investing business.I am a licensed Broker based in Carlsbad, and serve the surrounding communities of Oceanside, Vista, San Marcos, Escondido and others. 

I have heard that I should create a trust to protect family assets, and that there are serious implications based on which corp structure I choose.

However, they will calculate a new DTI (debit to income ratio) based on the new monthly payments from your cash out refi or HELOC loan.Some quick pros and cons about Cash out Refi vsHELOCCash out Pros-tax free money-low interest rate-no monthly payments Cash out Cons-closing costs (couple thousand)HELOC Pros-tax free -its a line of credit, hence you can use pay back then use again-usually NO closing costsHeloc Cons-higher interest rate-have to make monthly payments on money borrowedHope this helps,CB

Roof's are based off of squares, 1 square equals 100 sqft.  

You could also pay cash for the home, fix it up, and then mortgage it later based on 80% of the appraisal rather than 80% of the purchase price.

There are very few properties like it around, but I was able to roughly put the ARV at $175,000 based on recent sales and the properties that are there.