My typical wholesale deal is between 30 and 40k with a rehab between 4 and 8k and an ARV of 60 - 70k.

Ten years ago I was flipping tax liens which was not your typical deal and was making a lot of money at it.

I also have a good deal of experience in loan closings, most of which have typically occured in the borrower(s) home.

The whole transaction is handled by a title company, and they do the recording.There's typically also a promissory note and that is not recorded.

They're usually only for a short time period, typically six months.

Typically, to cashflow a property well, your loan to value ratio can't exceed 80%.Since you are looking for answers and maybe someone guidence, I would suggest checking out hud.gov to see what the fair market rents are for section 8 housing.

Add on taxes, insurance (this is hurricane territory, remember, and certainly in a flood zone, too), maintenance (they may have built roads and houses but this is ultimately a swamp), and property management (typically 10%, plus more everytime you have a vacancy), and you're certainly looking at close to two grand a month.

It also is dependent on what typical legal costs are, and total number of units in the pool.

That's a perfectly reasonable strategy...Imagine this hypothetical scenario, with hypothetical but completely reasonable numbers where I live (suburbs of Atlanta):You find a bank owned property in typical area listed for sale at around $82,000.

Hope this helps, -Michael I'd say that is typically agreeable, but a little too broad.