Change orders can kill deals at this price point.

I can help a lot I do this in Columbus Ohio and Miami Florida but as a service for now not purchasing them. if you are going to do larger deals look for the largest gap in entitlements, density, and asset value as a land driver. for example we found a piece of land in Columbus Ohio that was 55k and we just got an appraisal for 1 million based on the rezoning application that we did for mixed use commercial.

I've spent the last year following the real estate market and learning more about it, finally feel ready to make the jump to invest (especially since the deals are coming out to light). 

Or, the final option is that I am missing some components in analyzing this deal (more then likely as this is a very early attempt to analyze a deal). 

The thing is if you are doing any type of wholesale deals and the closing attorney gets a wiff of it,  they are not going to close a deal for you and risk their law license.

I wrote an article about the screening process for BP, you can check it out here.To directly answer your question, we require 2.5x the rent for gross household income.

When I try to analyze a deal, I feel like there are so many steps within each step that make it more difficult to actually figure out how to do it.

So I have had a seller reach out and we have negotiated a price that’s extremely good deal for me.

Hey Britney, I have a friend who lives in The Villages (north of Orlando) and you can get a great deal on a home there. 

We use Rentec Direct and really love it.It collects our rent, applies late fees, deposits our rents in our bank account, tracks expenses, screens our tenants, markets our properties, generates forms we can send out for docusigning by our tenants, tracks leases, and much more.