Ok, I have managed to find a property on sale by owner for $70K
its a 4bed/2bath/2car garage
about 2264 sq. ft. on about an acre of land
its fmv'd from $176K-232K
Everything looks good with the deal, the seller is very motivated. The only problem I've run into is the fact that the seller purchased the property 4 years ago for only 30K. How bad will the previous sale price effect my margin to make profit?