After you factor in HOA dues (if any), property management, vacancy, maintenance and capex, I think you may be lucky to net $20/month in cash flow.

Is anyone doing both purchasing/brokering discounted notes and factoring? 

From CBRE | 2016 Global Real Estate Market Outlook“Moderate economic growth with low interest rates, punctuated with bouts of pessimism and volatility—the factors that have characterized the world economy for the past few years—are likely to continue in 2016, supporting moderate growth in commercial rents and investment sales volume globally.”

You are forgetting to factor in basic repairs, capital expenditures, vacancy, etc..

In other words, if 3 people are equal partners in an LLC, the lender can use one of those people to determine their risk factor?

We did repairs on it, made it beautiful, and now my contractor lives there.

Factoring in self maintenance (eating/showering/gym/shower/caring for dog/ect), thats another 3-4 hoursI went to a local REI networking event recently and marketing for properties was talked about.  

One of the beauties of real estate is leverage.

Indianapolis native-driven to succeed to the tune of 7 figure net by march Of 2017.Wholesaling will be my intial real estate vehicleSeeking guidance and mentors for the sake of my Beautiful Family!

When you get a buyer Their bank will require an appraisal and that will be the deciding factor as to price.