I learned a lot on how to get everything in writing with contractors using the fat pay method.

So I will have to say with a heavy heart that I did not fully continue and complete a lot of the podcast that I was listening to and I got up to 30 and they were talking about how uncool it is to speak of a deal from the start and that a deal is on the table and I'm looking for a partner and so on......so yeah I feel now  slightly dumb and know better than to ask something like that and of course I welcome anyone and everyone to talk to me and get to know me some more such as asking about my past for being in the military or my kids or my very fat and Annoying Cat.

It sucks but I’ve cut even mor fat out of our household and personal budgets since my decision

We get a pretty fat book with all of the research and projected financials for the first 5 years. 

I have learned that it is easier/bettrr to allow animals and get a fat refundable deposit.

LOL.. non appreciating rentals need to be held forever or your going to be stroking a check to sell them.. unless your 1031 and for ever going to landlord.. that's a given.. you need appreciation to pay the recapture and gain from basis andif they are SFR's and you are going to retail them you need 5 to 20k to take your beat up rental and make it nice enough that a family will buy it to live in.I went through this with new construction I bought in 05 ish.. what was in style then was not when I went to sell in the last few years. as I exit my rentals  tile counters NO good  need slab granite.. builder grade appliances Nope need new stainless.. etc etc I would say I put 10k on average into each home to sell them.. then it took 90 180 days of them sitting there vacant then I had recapture.. so to me the juice of these is simply not worth the squeeze I would rather sell real estate have no debt and make nice fat 10 to 20k checks..

If one of you does not know how to keep criticism constructive, that's also going to make things rough (never call your spouse fat, ugly or stupid - anything else can be forgiven). 

In some cases, homes are listed as sold for under 100K in neighborhoods where retail homes are going for 400-600k, and I'm wondering if someone just dropped a zero fat-fingering the numbers into county records or whatever other system Zillow/Trulia draws from. 

I used a 15 year am for some unknown reason (fat thumbs maybe). 

Here are a couple examples that I've worked with.Example 1 - South End of Sewell - BRRR Duplex (2/1 & 2/1)Acquisition and Rehab was $200kARV: $240kIn the deal for $20kRent Roll : $2800 a month(1400 a unit)Mortgage: $1400 a month (200k @ 7 %)Taxes: $516 a monthInsurance: $100 a monthLicences/Sewer/Gas: $20 a monthVac/Capex/Repair: $316 a month (that's a lot but lets be safe)Cash Flow: $448 + you have 40k in equity and a fat safety net each month due to an accrual rate of $316 a monthExample 2 - Lindenwold SFH - BRRR 4/2Acquisition and Rehab was $110kARV: $140kIn the deal for $5kRent Roll : $1700 a monthMortgage: $700 a month (105k @ 7 %)Taxes: $441 a monthInsurance: $90 a monthLicences/Sewer: $15 a monthVac/Capex/Repair: $200 a month (that's a lot but lets be safe)Cash Flow: $254 + you have 35k in equity and a fat safety net each month due to an accrual rate of $200 a monthThe Sewell usually has ideal tenants and very little headaches.