@Bill HernandezWelcome to Bigger Pockets.

@Bill Gulley  Thank you ...

The bank will almost 90% of the time trigger the due on sale clause and you end up stuck with the bill.

Originally posted by @Bill Gulley:Gotta say, I almost find it amusing that wholesalers don't understand, especially in Florida, that your "business" is like running a bookie joint, you're underground, black market, off the radar "business" is the target for regulators.

Although I have good benefits and a much better salary than the average state worker, his family medical bills, bankruptcy and divorce have left me with virtually no savings.

My tenant just contacted me and mentioned that the power is out in 2 bedrooms.

Seller is unsure of the loan balance but he did agree to consider selling for what's owed😀 I'll have loan balance info tomorrow.All bills and taxes are up to date.Sellers asking price - $70,000After asking him if I paid cash and closed quickly on the property in as is condition he dropped price down to $62,000Now how would I determine the Repair, And ARV quickly. 

 Bill Vaughn "The Simple Man's Guide® to Real Estate.

Jo-Lynn,Find out where the property tax bill is going.

Please let me know what questions you have and any more info you need.Here are the inputs:Purchase Price:  $171,000Interest Rate:  5.125%Down Payment:  15%Total Amount Brought to Closing (down payment and closing costs):  $22,875Gross Rental Income When Bought:  $1,050Gross Rental Income 1 Year Later:  $2,450Monthly Water Bill I Pay:  $83Property Management Fee:  Assuming 10%, but I manage this property for now, so for now it is 0%.