So I do look at it as a long term opportunity, it's just not totally clear what new gross rentals the value-add renovations will bring (which I classified as repairs in the calculator).

Essentially, $60K ARV less the $5K for repairs would put it at a value of $55K or so.Assuming you offer $50K for the property, he wouldn't be able to pay off his debt and walk away with money.You can't lease if he has a big payment due that he can't accommodate.he's in a tough spot.So, $51 is his total payoff amount.

With those increases (a total increase of 14%) that wipes away $343 of your projected cashflow and puts you into negative cashflow post-refinance.

Hi,Please suggest good company who can do secured and unsecured line of credit.

Hi,Please suggest good company who can do secured and unsecured line of credit.

I could totally live here.

Your total payments will be significantly less than if the purchase price was 10 or 30% lower but you had a real mortgage.

I am completely and totally hooked on the power and life changing ability real estate investing has, and it happened by accident, sort of.I bought my 1st house like most young people with an FHA mortgage, in 2015 with my beautiful wife. 

I’ve notified my current tenants and have updated my agreements to state the security deposit will be automatically forefeited if they are caught.  

@Mike AllisonDuring the due diligence I should have pushed harder to verify security deposits and rents with an addendum signed by tenants.