Your gain on the rental property will beSales price less sales expenses less adjusted basis.Adjusted basis is purchase price plus improvements less accumulated depreciation.Best of luck.

We recently found a condo willing to do owner financing at a 4% interest rate with a purchase price of $500,000.

Is it possible to ballpark the selling price of something like this?

A lot of the sites will push you again to the top when you do a price drop so maybe drop the price like $25 or $50 every week or so until you get it rented.  

Purchase price: $222,000 Cash invested: $13,000 I Purchased and rehabbed this property in 2013 using a FHA 203K Construction loan.

I think this place ( BP) is a great resource and looking forward to make new connections.Have a great week.Jean.

Moving forward it is best practice to obtain your own third party estimate for repairs and use that support the repair contingency or price adjustment so that the seller has no influence on the cost estimate or timeline.

That being said, here are some things I would check on, and possibly make changes going forward.

I will only have accounts directly with large banks going forward.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!