You can probably buy very inexpensively and make money, but it definitely won't be easy money.

Take an anticipated figure, use 360 months for the time frame (30 years) and look at the balance due at the end of 15.

I suppose it depends in which part of Albany you'd consider living, but there are lots and lots of inexpensive properties across the entire region.  

I’d also like to flip a house during that timeframe and end 2017 with a rental property as well.I know it will be hard.

Looking to put up a 3/2 SFH and have one builder who has quoted ~$75/sqft and a 9 month build timeframe from start to finish.Thoughts?

If you were to go that route, you could likely borrow the funds immediately (well within your 48 hour timeframe) after signing the loan documents, but this will depend on the actual documents which can vary from one provider to another.

This is a relatively inexpensive process.

I wish you well and if its not that old of a house and block it should be in-expensive to re-stucco. 

Have your prospect sign a form with all pertinent language that explains what the Holding Deposit gives them (sole option to rent, so long as they sign the Lease and are compliant with terms within a certain time-frame).

Like the old-school feel of excel :) 2) Keeps real estate transactions separate for tax purposes3) Easy to fill in expenses and income on a monthly basisIf anyone has any tips, or even an excel template they would be willing to share, that would be extremely helpful!