This way I am more prepared for the next time an opportunity like this comes up.So here are the details of the deal:3 bedroom, 1 bathroom single family propertyListing requested an all-cash offerThe numbers looked like this:Listed on the MLS for $80,000Needed about $20,000 to bring it up to meet or exceed the quality of similar houses in the areaEstimated After Repair Value (I think abbreviated ARV) was around $141,000Similar rents range from $1,100 to $1,300Initially looking at this, my thinking was that the $80,000 purchase price plus $20,000 rehab bill puts me at 70% of the ARV, and my understanding is 75% or under is the target for BRRRR. 

Go to the Olympia and Tacoma REI meetings.

We used the standard form "Addendum for sale of other property by buyer".

The smaller banks are more flexible with lending policies, where you might actually meet the underwriters. 

Have you gone to any local REIA meetings yet?

Ive put in the time and done okay by most standards.

I guess people are a wild card, you don't know who you'll meet.

Next time you are in Greenville, happy to meet and discuss the Greenville market.Arn

I cant speak for an investment property, but i bought my house without ever seeing it in person or meeting the inspector.

We have a bigger pockets meet up tonight at 6pm at foghorns in Fayetteville if you would like to come and meet some other local investors.