I also agree that funnel is big and wide when foreclosures start, but only few properties end up being sold.

Good tax prep can vary widely.

Broker fees are also in the 10-20% range not $500 which makes a little bit of a difference.I do it all out here as an agent, lender, and investor so I see every angle.

And what is your price range on the purchase price?

What price range are you comfortable with?

As you mentioned, that expense range is not super helpful. 

I think some other numbers to consider are, what can you get for the $700k to $800k range right now?

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

And do you have a certain price range in mind and I assume you're good with up to a moderate level of rehab?

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.