While I get the appeal of that, I'm a more conservative investor so I don't like making that kind of bet, personally.The cash flow numbers you're showing aren't amazing, although, yes if you financed only 80% it looks better.

We are pretty conservative on our underwriting and as a result have to look at a ton of deals in order to find the winners which meet our investment criteria. 

Most new investors want to be conservative on their first investment property, preferring to play it safe with a property that is in an area that is selling well.

Your range is certainly possible, but I'd be a little more conservative based on what I've seen 2/2s going for in west Tallahassee.

I'd probably be more in the conservative side of the camp recommending primarily having more funds for not only the down payment but the rehab (or oh sh*t costs more like it) that inevitably come up.

Running conservative comps and getting a short sale lien report from title.

Crap I would be better lending to all these guys and let them do all the work.. so we took our 10 million and created a HML business  and grew it to just over 35 million over the course of 6 or 7 years.. but then the GFC hit and it was at that point I realized that Cash flow rentals are not immune I was funding a bunch of them and ended up owing 200 of them and we got our clock cleaned.then we looked at a niche performing note model not a NPN model and have done about 60 million in that business last 5 years.. conservative returns but predictable and FAR more appropriate for IRAS most of the time compared to the risk of actually owning the asset.  

More conservative with the numbers and rehab cost. 4.

Reserves with bankTheir main goal is to help guide us toward success and build a strong portfolio.. etc etc.We totally understand their standpoint being a lending institution, however we trust in our conservative numbers and want to keep scaling. 

Deal #1I have been searching around and finally found a house for sale that I was able to get under contract for $30k, It will need about $25k in work on the conservative side.