The monthly cost is high, but we currently are cashflow positive about $1,200 a month.

There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.  

Since I’ve only owned the home for a few months, I want to make sure I’m running the right numbers before making any decisions.

We have an investor running a special next month on 10% down second homes where the cost is 3-4 points cheaper than it would be, on a normal Fannie/Freddie loan. 

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.

The rental income from the first home will pay for the mortgage/monthly costs.  

Also, what skip tracing service are you using to find owners number.

I don't figure the note will be more than  300 a month at only 40k principal.

I would check out airdna pay for a monthly sub for a bit, it really helps paint a picture of the health of a market. 

Guys, I’m trying to track down one of the guests I heard on the Real Estate Rookie podcast a couple of months ago.