max payment = (rent * 50%) - desired cash flowmax price = PV (interest rate, desired loan term, max payment)These don't sound like great rentals.If you're wholesaling, deduct your assignment fee off the max prices.If you already have a wholesale buyers list, find out what their criteria is.

The only thing that matters is what price you can pay to meet your desired cash flow.

That means the price you pay has to be low enough that the rent covers all the expenses (assume expenses = 50% of gross rents), and principle and interest payments (well, just interest for you), and give you your desired return.

You never know, a year from now you might have the desire (and cash) to invest again.I also thought property management wouldn't be a bad choice.

Hello there Allen-And welcome to biggerpockets please feel free to browse where ever your heart desires!

Worth probably $380k-$400kShort sale.Motivated sellerVERY desirable neighborhoodHow much in percentage do you normally offer?

So, by learning why your elders were correct in their desire to pay off their mortgages, you’ll come to understand why you should keep yours.Times Have Changed…In the 1920s and 1930s, banks were permitted to cancel mortgage loans at any time.

But recently I have no desire to play anymore and I have been devoting all my time into investing/finance.. which is what brought me into the world of REI.

Your #2 is our most desired area based on call traffic.

"The solutions" never seem to have the desired affect.