In order to hedge odds of tenant instability.

It feels odd to say but I need to go back and finished the few remaining courses to obtain my Bachelor's degree in Accounting.

This is going to sound odd.

Your odds of closing on the inbound initial call are slim to none, especially if you are planning to keep this at an ARV you desire.

I was actually born on the Missouri side, so oddly enough I root for Kansas first, Mizzou second, and K-State third.

Oddly enough, I think I was so distracted by the typo spelling of Wayne that I missed the other crucial facts hidden right in front of me.

Let's assume you can beat the odds on the 50% rule slightly and are able to see $1,100 a month before debt service.$1,100 - $1,335 = -$235 (negative cash flow)The 50% Rule isn't perfect for every property on any given year, but comes damn close over a long period of time.

I did odd jobs, construction related stuff for about six month, then started working for a new rehabber for peanuts...I would find the deals and get them sold, within a six month was able to talk him into some profit sharing, after about another year I went on my own, I kept finding his deals and getting them sold, he agreed to fund one deal at a time for me at a low interest in exchange, I found another private lender, that I partnered 50/50 profit splits.

In the meantime I am taking on a part time job and some odd jobs plus my 9 to 5 to expedite all of this to bring in some extra cash flow.

The good thing about housing is that it is expensive and your total dollars of business conducted can be huge in a few years.A 501 (C) 3 is a corporation, you will need a minimum of 3 board members, always keep it at an odd amount to, 3,5,7,9, I suggest not more than 9 but 5 is more manageable.