I know about the 70/20 rule but is that alone able to justify the rough estimate of 40-55k purely off what I see, and feel that is itis value.

My main concern was actually being able to buy & hold the property temporarily then sublet it & eventually be able to get another house in another city.Ideally using a double escrow would be extraordinary for this scenario since I could do a master lease with the option to buy at a later time & date.If you negotiate a pure “earn-out” or performance-based purchase deal to buy one property(orassets of a property) after another, and get 6-9 month options before I had to close it,I canadvertise that property or assets through all kinds of local, regional national or internationaladvertising media that are on or off-line,paying only on performance for the advertising -meaning, you only pay for the ads if they deliver a buyer that closes.The object here, on any purchase option I do, is to give the seller a pure earn-out and paythem out of a future sale or earnings.My goal in selling the property to another buyer is toget a decent upfront payment if possible,or a larger variable payment that's 10 to 25% above thepayments I would be making to the seller.Worst case, your buyer defaults and you either take the property back and resell it – it’s sort oflike a buy-here, pay-here car lot.Or you give it back to the original owner, who gets to keep allyou've paid him or her so far.But all you’ll have paid them came from monies other people paidto you first.Does that make sense?

I went to pry it up to replace it with a spare and the whole tile came up w/o any effort, that's when I noticed it was pure black underneath and the surrounding tiles all came up with very little effort too.

We started buying pure rentals.

Lenders differ, but usually it would still be OK to do loans as an individual (LLC or entity not necessary).For us, we lend DSCR to either individuals or entities in most states, but a handful we do in fact require it to be an LLC or other corporate entityFully Eligible States (Lend to Individuals or Entities)AL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, SC, SD, TN, TX, VT, WA, WV, WI, WYPartially Eligible States (Lend to Entities Only)GA, FL, IA, MS, MT, RI, VA

Pinellas County is a huge draw because we have so many beautiful beaches.90+% of my buyer business this year has been out-of-state investors buying vacation homes that they will rent out or pure short-term rentals. 

Now we need to cover the 10% that is pure air for closing costs, commissions I pay, and other costs, when it sells.

They are more emotionally driven and look at the property as their home and not purely business like you do.Also, buyers are using them to park their cash.

I've had clients recently purchase cashflowing SFH and condos in Oakland - and they even have enough leftover to purchase second property as a pure rental. 

Is it based purely on the amount owed vs equity in the property after paying off the investor?