Mostly what I see in your price range in my area are condos, tons of condos for sale.

Have you purchased or looked into any multi-family opportunities yet?

Here are the numbers:  Purchase price to be between $500,000-$530,000.  

Purchase price: $130,000 Cash invested: $175,000 Sale price: $550,000 Full Cycle Pre-Foreclosure > ShortSale > Fix N Flip

Well it turns out the overall price they're charging is $89,000 and it is so far outside of my budget I have no way of paying this.Does anyone know how I should approach this?

Sounds like a business opportunity,  once you learn Yardi, remember this, and you can have a side business teaching it.

Currently working on analyzing leads accurately relative to rental income and interior of property when determining offer price. 

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

I am currently in Austin and the wholesale opportunity is not as lucrative here like in San Antonio or Houston.