In your case, you have another $5143.80 in "prepaids and initial escrow." 

I always try to apply my commission to closing costs/ prepaids and down payment.

We have acquired some of this debt and the rates are anywhere from 10-15% and 2-5 points at origination with interest prepaid.

("No Money Down Real Estate" or Pre- Paid Legal, etc.). 

Fees to close escrow on a home include costs such as origination charges, appraisal fee, home inspection, title search and lender insurance, prepaids (such as homeowner’s insurance and prepaid interest), and title insurance.After taking title and moving in, the part of the property being rented out will need to be made ready for a tenant.

I really wouldn't advise you to jump in with only $30k, but hey we all gotta earn our own stripes in life. a few other costs to think about are prepaid insurance, prepaid tax, and connecting/using utilities during holding.Good luck brotha.

If you didn't book it as "pre paid expenses" you'll have already paid taxes on it when you sell the place.  

When you find the property, have your realtor write that the seller is to pay closing cost and prepaids or save another 3-5% for that.

Assume:  Cost $80,000; Flip $120,000; Profit $40,000/property 2 - Seed money from first flip comes right back and you repeat step #13 - Repeat step #2, but also take the combined profits to fund a 2nd simultaneous flip4 - Repeat step #3 (with 2 properties) but add the two profits together to fund a 3rd simultaneous flipNote that the timeline up to this point should be within the 12 months pre-paid in the CR.5 - Now repeat step #4, over and over again, which generates 3 profits (total of $120k) at each "level".  

After talking to her, it appear that she can put down a deposit that would be equal to my security deposit plus $2700 more (let's call it partial prepaid rent at about $225/mo during the 12 month lease).