Seems you might be able to grab a bit more appreciation if you could move into the 3/2 style homes.My feel is the 2nd bath is critical for home owners but renters aren't accustomed to that luxury and therefore it's tough to get enough of a rent boost to justify the increased purchase expenditure... curious what your market says.

Please offer any insight/criticism that you deem helpful!

The formula I use to sell deal in hours is this:ARV x .70 - Repairs = wholesale priceIt is critical to nail the ARV down solid, here's the formula for that:3 comparable sales within a one mile radius that closed within 90 days and are within 200 sqft of the subject Make sure they are LIKE property.

Jimmy, after following your discussion with JOn (who is a master with numbers) I don't see a deal here...And more importantly it doesn't appear that the seller is motivated... which is critical for you to get a good deal.I am sure there are other deals that would provide a better return than this one.Best of luck!

I don't mean to sound critical, but if you have limited resources, why are you looking at buying out of market from where you live?

This is critical as it will help you in your negotiations with the note seller and the process helps sellers realize how notes are actually priced.

Oh my apologies Scott, im only 23 and I have talked to many people of my goals and i have met with much criticism.

This means your title company, making sure the buyer gets the financing (this is the most critical one), I would make that deposit non-refundable.Don't let more then 3 - 4 days go by without checking up on the buyer.Best of luck!

An agent (for a commercial property in TX) criticized mine about 6 or 7 weeks ago for being "too complex", and stated that he hadn't encountered anything that complex in "[his] 12 or so years" of . . . blah blah blah. . . .

Once again, not being critical, it's just too complicated of a solution that potentially leaves someone holding an empty bag.