Luckly, i used FHA to purchase my 1st home since i knew i needed a home to live in. I

I'm in the same boat ready to learn and kind of Dnt want to go in at it alone but I'm jumping in. I

The $100,000 rehab cost includes all permitting, inspections, etc.All in, I am estimating gross profit (pre-tax) of $35,000 - $40,000.Let me know your thoughts folks! 

Anything else a newbie might need to consider.I'm getting ready to jump in. I

I am always looking to expand my buyers list, so if you are looking for deals message me and I will inform you as new deals come in.   I

I like to look at census and job growth data and see how or if the area I'm looking to invest in is growing.  

I just had a property turn over and followed this procedure for the showings:I advertise the property and handle all calls, emails, texts on it and set up viewing appointments (I group them all within 30-45 minutes on one day)The current tenants show the property to prospective rentersWhen someone applies, they email or fax in the application and pay the application fee via PayPal (although I am now trying out Cozy for applications) and I process the applicationIf the application passes, I prepare and email over the lease for signatureWhen the lease is signed and sent back to me, I send over a payment request for the first month's rent (via Dwolla or Cozy)At the check-in, I drive to the property to check them in myself and collect the security deposit in secured funds (or use Cozy to collect it beforehand)I have been doing the above for a long time and it has worked pretty well.

The calculator is showing that after all of those items factored in I should still have a cashflow of $250+.  

You guys still planning buffalo Billy's at 730 tonight (Sunday 18th) I may be in. I

The area I live in is somewhat rural with several small towns.