One of the biggest things I'm interested in is organization and time management.

@Amanda EylerWhat area are you in? I

What neighborhood are you in? I

My first home was a live in, I made $35k two years later, we did basically no renovations.

I also proposed doing interest only payments and he said he may be open to that as well.Obviously the owners expenses are missing a lot of things so I ran multiple scenarios below:This assumes Interest Only payments on a $1.1 million note.50% expense ratio (I/O payment) cash flow/month = $1887, COC return = 22.6%45% expense ratio (I/O payment) cash flow/month = $2397, COC return = 28.8%40% expense ratio (I/O payment) cash flow/month = $2906, COC return = 34.9% (I believe this will be the closest to true expenses with cap ex, vacancy, maintenance, management fee (although I will self manage)).35% expense ratio (I/O payment) cash flow/month = $3416, COC return = 41.0%Now assuming 30 year AM on same $1.1 million note:50% expense ratio cash flow/month = $156, COC return = 1.9%45% expense ratio cash flow/month = $666, COC return = 8%40% expense ratio cash flow/month = $1175, COC return = 14.1%35% expense ratio cash flow/month = $1685, COC return = 20.2%The market this is in is a cash flow market with minimal appreciation, so that could definitely come into play in 10 years when I have to refi with a bank, especially if I am doing interest only payments.

I think the seller is asking a fair price and she is not interested in closing until January, so plenty of time to find the down payment.At no money of my own in I think this is a great deal.

No complaints, then they are doing well but if more then a few complaints come in, I would start looking elsewhere. 4.

We are expecting some foreclosures in the mid 2021, will this make a difference considering that there are also several buyers/investors waiting for that to happen so they can jump in? I

So I am looking to get in to the terra haute market as a second market to do wholesale deals in I am already currently in another market doing deals.

Meeting and networking with other people intrested in the same areas your intrested in is an excellent idea to learn though.