For years, I’ve been dabbing- gaining knowledge and information, but now I’m looking to become a serious player.

Know the players in the market, know the comps, know the cap rates, know the GRMs, know when a property hits the market, goes pending and closes.

For rent of only $525 a month it's not worth it to fork over the $$$ to put in the duct work for central air (the house never had it in the first place) and at just under 800 square feet these two units plus three ceiling fans provide enough cooling.Interestingly enough, we were recently doing some work in one of our larger older homes where we'd replaced the HVAC unit about a year ago and I soon wonder why the heck I bothered. 

Figure your offer like this:Sales comps in area (base on same style/size/type of house)Subtract:Profit (start with that, if you don't make a profit why bother)Rehab (based on a bid...not guessing)Cost of money (financing, etc...)Holding costsCommissionsWhat you have left is what you offer and no more.  

It didn't bother the growers at all. 

From there you can determine if there is enough equity there to bother with. 

You could be involved in one large transaction, perhaps a minor role with a major player, that catapults your business, did that major player allow you to play since you are in the business and have holdings with experience?

I know that likely means the houses are overpriced...So, if there's a house for sale at $500,000 and it is worth $375,000 ARV.... would you bother making an offer of 70% of ARV if the description says "extremely motivated" and it has been for sale for over 3 months?

One question you may have had about filling it out was the "Legal Description" I don't bother to put that in my contracts but a tax ID would suffice there I am sure.

This has bothered me all morning.