$375,000 ARV is fair but at the high end of the area this home is in. Unable to tell what the repairs will cost but I have not been in a house yet that couldn't make 20,000 disappear! Underwriting at 75% LTV is 281,250 with 26250 toward renovations. Lending at 90% of 255,000 is $229,500. Escrow $51750. I don't know much about setting lending fees, but I've paid lots of them. Rate at 12% interest only + other fees and points of about 2% (5625). Assuming 4 months to turn $11248 interest. fees and interest = $16873 Return. It's a tight deal and I'm not sure the return is worth the risk. In this deal if everything goes well it works, but if the sale price is less or the marketing/renovation time expands the investors margin shrinks quick.

Thank you for the update. I look forward to learning and contributing.