Rather it assumes you'll have some nominal vacancy like a couple of weeks or a month for a turn over, a nominal amount of routine maintenance (which is mostly caused by tenants, not the property, so being rehabbed doesn't translate into no maintenance), property management (which you can earn back if you do it yourself, but which you will earn), etc.

As I will translate and incorporate into my contracts too. 1) Tracey what do you do if the tenant wants to have the rooms painted, just as an example, because they say it's moldy?

(if you can speak their language or find a useful translator)Section 8 tenants do not have to live in war zones.

That translates to higher expenses for you in the long run, not to mention you have to worry about vandalism and destruction when you are remodeling or they are vacant.

Now that doesn't necessarily translate in to being a success as you still need to execute the plan but at least you are off on the right path.

Translation - it ain't goin' nowhere.

I always prefer phone conversation as so much can get lost in translation in email or posting.

That translates to $30,528 a month in true cash flow or $102/unit/month.

From: http://www.phoenixpowersearch.com/2009/09/wow-no-more-fha-90-day-waiting-period-on-flipped-foreclosures/

"Prior to September 14, 2009, FHA products were denied to buyers purchasing homes from investors that buy...

A good investor will bring to the table an ability to negotiate a better price from the bank which should translate to a better price for the end-nuyer (you).