If I can get a HML or 203k Rehab loan for $530k, I think I can swing it all.Purchase price (possibly) offer = $500k <---I think the owner would take that if sold as-isRehab = $30kSell = $595kProfit = $65kLease payments to new owner for 1 year = $36kLeftover profit (use for fees or whatever else) = $30kHave I lost my mind or is this a doable scenario?

How many people have lost that asset in this pandemic, and in 2008 because of hard times? 

I feel that because I am not present physically, that he has a lot of control over the properties.

Most of the clients I work with via personal financial coaching see themselves get a “raise” by controlling the outflow / expenses.

I was in a meetup about two years ago with an older gentleman in his late 70's where he told the group about how he lost over 40 million in real estate during the last crash.

But I feel very lost.

@Ryan TaftFrom the title I thought you lost $60k on your first flip!

I'm lost by your question but you want to focus on the income method to determine value.

I factored in misc. repairs and pest control but used 3.5% for the rate putting 20% down.

Less than a year ago I was saying "single family primary residence rates can't possibly drop into the 2s, you've lost your mind!"