Including the initial purchase price the total investment would be 23 million.

They also have a realtor coming to look at it etcOverall if I think about it right, 50k payoff, 10k in repairs, and say $4000 in carrying costs (6 months) and my total in would be 60k without arrears....the arrears have me confused as they are so high....so i'm guessing there are some pretty high penalties tacked on by the bank)So 60-70k(with the arrears, depending how much it would take down the principle when I pay those) and sell for around 105-120k seems to be ok to me.....I'm sure I'm missing something tho...Be easy on me, this is my first deal and I'm basically all on my own.....all the info I've found out on my own, trying to do what I can here.....thanks in advance!

Actual Example Purchase Price - Cash: $ 45,000 Total Rehab and holding costs: $ 6,000 All in: $ 51,000 Appraisal after rehab: $107,000 New mortgage after rented: $ 65,000 Monthly NET cash flow: $ 175 What’s wrong with this picture?

I ran that scenario through the property evaluation tool, and even with no appreciation it makes 12% total return or so (not cash on cash).

Anyone putting money into a deal is going to want to get...let's say 15%+ annual returns...so after you forecast, figure out total returns and then find out what's left after you provide 15% cash-on-cash return to the investor: that's essentially what you can keep.

I had 3 rental properties (11 units total) and LegalShield came in VERY handy. 

Though I support them in most areas, this is not one I can: I think they are totally out of line.

A 5% to 10% profit on a higher end home will produce the total dollars you are thinking about.

no problem....as long as you can pay all mortgages off .....which in this case ....if you have a buyer for 209k......out of that 209 you use 130 to pay off the first......65 to pay off the second......that leaves you 14k to pocket.....and of course minus any closing cost..your responsible for...if you are assigning it to someone....then you can pocket the 14k....now you also have to take into consideration....what the home owner needs too......as in this case he owes a total of 195k......and if he needs 5k to move on.....you have to take a cut on your fee....therefore your new fee will be 9k.....so you get a contract to buy for 200k.....and assign it for 9k ......and you can pocket that.

Although I used to click on memberlist then do a sort by Total Posts.