As I am doing my research in the Oakland market, a lot of the math is starting to look slim in terms of cash flow so I started to study properties that could possibly be renovated with condo conversion potentials as a value add opportunity.

The house is in somewhat rough conditions to my standards but it has amazing potential.

I haven't ruled out Las Vegas as a potential market to enter because I believe it's trending in the right direction but as you mentioned, I would like to do more research in areas where the ROI and cash-on-cash returns fit my criteria. 

Interest on a land contract can be inflated for potentially higher future rates.

The stats on the property: the tax basis is $52,978 and the potential sale will bring in approximately $130,000.

Varies widely by area so I can't say, but since I'm in California and you are in Pennsylvania, your numbers should be higher than mine, potentially much higher.

Started using the calculators on a few potential buildings i see and had a few basic questions for you guys/gals that have used the calculators...- Do you have a preference/range of where the Cash-on-Cash ROI should be?

On. another thread a SC guy is scolding potential buyers...................lol. 

Account ClosedWhen you prove the model, you could present it to potential money partners.

They could potentially apply to their top 5 or 10 places as an example.