@Michael Swope I'm actually sitting on a deal just like this right now.  

Make sure that the inspector actually tests the quality of the sludge and leach field.

Hello all,I am newer to REI as well as BP and I'm close to looking at actually obtaining my first property.

The other friend I talked to actually works locally in housing and had similar observations.That said, this is a great market from what I can tell in the numbers I find.

NOI = $6,592Property tax $200Insurance $300 (This is not an exact quote but from reading expecting $200 - $300 -- Trying to stay conservative)HOA $540 (Although there was no HOA actually listed I went with similar neighborhoods HOA fees.)Maintenace $1,200 (The home looks updated so wasn't really sure how to estimate this.)3.CAP = .104.Cash Flow = $3,773.32This is based on a $51,920 @ 30 years @ 3.56%5.Cash on Hand Return29%If these numbers are a good indication of what to expect how do I do that thing where I get in with no money down?

Treating it like a business is a good mindset to have when starting as a realtor.I would get a base of knowledge of the contracts, take a packet home and actually read through the whole thing... know it front to back and upside down.After that, I would start getting a COI together, when I first started I did not do that, and I could only wonder how much business I would've done if I had.Highest and Best time -> Getting in front of Motivated Sellers and Buyers.

I actually was thinking about insurance this morning.

It's a beautiful house but any type of foundation works scares me, let alone one that feels sketch and has a $200k price tag  Sunil - This is actually a different house.

you could actually ask your closer, and she/he can tell you the cost breakdowns.

But if I was to suggest a actual number of units, min 50 plus, having said this its really up to the Numbers that the deal returns.