@Grant P. seems to have a few things in mind.In my rather amateur opinion squeezing another hundred in rent should be right at the break even point.

While there are very experienced and competent wholesalers, most of the industry are amateurs who want a quick buck.   

Oh and if the federal govt hadn't intervened the bond holders would have got "NADA" so can we all give the amateur interpretations of the sacred contract clause a rest please?

This is OK if you plan to be an amateur landlord and only have one or two units, but if you have plans for growth you could well be run off your feet.

Hello, before I begin I'd like to state that I am still very new to this, and have found the forum by reading/listening to lots of 'J Scott' who seems to be very wise, so if my question is dumb please note I am a real amateur at this stage.Basically, I am eager to get into my first flip, and I believe I have most of the basics.

Any information the amateur landlord/deadbeat former owner have I wouldn't be able to put much weight on.

It really needs to look professional in my opinion, I don't want to come off like some amateur although I totally am.

well, ill take an amateur stab at this, im getting into this game and i like numbers, 425k with 20k down means a 405k loanlets assume an interest rate at 5% and 30 year loan term, 5k yearly taxes and a PMI at 0.5% and we will assume that insurance is 1500 yearly, PMI = 168.75 MnthlyInsurance  = 125 MnthlyTaxes = 416.67 MnthlyTotal = 710.42Principal and Interest  = 2174.12Total Payment Mnthly is 2,884.54now you have rent at 1250 @ 3 Units = 3750 Mnthly3750 Income - 2884.54 guaranteed expenses (expenses that wont fluctuate) means you will have 865.46 leftover after those expenses, out of that 865.46 you have to account for landscaping, sewer, water, trash, maintenance, whatever else you may have to cover utilities wise, my recommendation is that this would be a very bad investment, say you broke even and relied only on appreciation to make money, when you factor in vacancy, which will undoubtedly happen, you are losing money on this deal

A lot of amateurs on here don't even think that far.

Dear Community,       Please excuse the amateur questions..