The gurus take advantage of this and pure fuel onto the dream.

Apparently, one of the requirements to be a moderator is to be excessively good looking?

:D There's kinda cashflow and then there's cashflow (Just like mostly dead and all dead).I will say this - if a person can start from the 1% perspective, they will very quickly eliminate a lot of shark realtors and developers and will actually start to find an area where cashflow in excess of the 1% is possible.

Since we currently subsidize the cost of fossil fuels and other energy in the US it's going to be necessary to reduce how much we pay to heat and cool them.

Operating expenses include taxes, insurance, management, maintenance, vacancy expenses, advertising, utilities paid by the owner (at least during vacancies, rehab, etc), evictions, court costs, entity maintenance, legal fees, common area upkeep, lawn care, snow removal, office supplies, damage done by the tenants (in excess of the deposit), lawsuits, capital expenses (although not technically an operating expense), etc, etc, etc.

We keep the late fees (which covers the sometimes excessive extra time spent sending notices, knocking on doors, following up and chasing the money up to the point of initiating an eviction); evictions once turned over to the attorney are billed same as other vendors.

This could easily eat up your entire $7,500 downpayment plus any monthly excess.

You can do deals without money but even then you have costs for marketing, fuel for the car, meetings, legal fees, and other such things.

Even in the absense of any details on your loan request, I suspect I know who your mortgage lady is using---just a couple of questions to see if my suspicions are correct:- Are your FICOs in excess of 620?

Expect that when you take a property out of service to refurbish it the cash flow will pull back yet the excess cash from the others keeps everything in balance.Similar to when you buy a property that needs work before you can get it fully rented.