There will be unforeseen circumstances when repairing and rehabbing (maybe their is mold or termite problems behind a covered wall). 

Are you sure the other comps are strong enough to support $360K?

What I look for is whether there is separation between the walls and floor, cracking in the floor showing signs of movement underneath the basement slab, or shifting in the block walls showing that the foundation might be settling. 

The problem i have is ... the house is a single family house and i put a wall in between to separate the 2.. i dont want to bring the wall down.. i can bring it down anytime but i have some renters so i dont want to bring the way down.. the wall makes it 2 condos instead of a Single family...once again i can convert this anytime to single family...now when the appraser comes and see it is not single fmaily is it going to cause my line of credit to be denied?  

Still, there’s enough meat left in these projections that we could walk out of here without a loss, even if we’re well below what we think the market will support.

If you want to be a listing machine, which if you are good at selling cars you more than likely would be good at selling houses, then find a company that offers lots of training and support. 

I know here ....I can not get an electrician or plumber or dry wall company to give me quotes on a rehab...I will end up paying double or triple to anyone who will just show up !

For now I have a tech support job with a Connecticut manufacturer that involves being in a cubicle a lot.

But, you've provided nothing to support that statement.As I pointed out earlier, wholesalers mark houses up all the time by 25% and don't get in trouble. 

For those who have a primary source of income that can support the debt, a loan might still be possible.