It also depends upon land size and location too.

I am exiting my portfolio - so this is based on the proposed sale price and hard money loan... 

Seller is going through foreclosure process ARV: $225k-255k, based on conservative comps (A buyer had put in an offer for 235k before backing out after inspection)Capital I have to work with: $35,000Rental Estimate: $1,750/mo.

Find out what is realistic, what fires you up and formulate a strategy based on the resources you already have. 

Or the other likely problem - negative cash flow (the income projections aren't addressed here, and it seems highly likely based on the financing.)  

Adelson is something like #22 of the world's richest people or maybe richest in USA, just bought some big plots to probably build one of the worlds largest casinos....interesting as we don't allow casino gaming yet. 

People find their niche based on the resources they have, where they live or have connections, their stage in life, goals, risk tolerance, personality . . .

Hey Ronnie, You would need to sell them the property at 80% ARV minus repairs so they can get at least a 10% profit margin (which is more than 10% ROI because it's a percentage based on ARV not on money invested) after covering realtor commissions and closing costs.

This applies more so based on location not on or in all scenarios that is why I mentioned avoiding a CALI purchase if possible.Hopefully that makes sense based on previous comments. 

I then hold an open house/showing for those that qualify based on the criteria.