Notice I didn't agree with what he said, Russell... nor did I say you were wrong.

I tried using this sites "Find a Lender" form, but it stopped me from moving fwd once I didn't meet the 20% down criteria.Scenario: Bank Owned property at auctionSales price/offer/bid: $270kRehab: $85kARV: $500kAm I barking up the wrong tree going down this path?

However, if you move too fast you could get into the wrong property, or area, or not take into account certain expenses, or get a terrible tenant and you may say this real estate thing is a huge headache and not worth the hassle and you may not pursue it with as much vigor going forward, or worse throw in the towel altogether.

I’m thinking about doing this because I believe the following is possible (someone correct me if I’m wrong)1.

I'm trying to generate a report on this deal for the last 30 min but there is something off with it and I'm not sure what I did wrong.

Nothing is wrong with this, but it should be owned. 

Hi Kevin,I think you can find much better numbers than this in Toledo.Plus, you have to include calculations for maintenance, vacancy also.If you don't think anything will go wrong, it will.It's real estate and real estate is a rollercoaster.Granted, I'm local and pick up the best of the best deals due to doing it for over 10 years.I closed on a 6 unit 2 months ago.A class area IMO.$160,000 purchase price.Rehab around $80,000 (More than I budgeted).Optimized rents between $4,000 - $4,500.ARV is $350,000+The deals are out there and don't rush in.All good things take time.Much success

@Michael Plaks Check out this forum for a good laugh...single handedly points to everything wrong with the asset protection misconceptions most bigger pocket investors are guilty of.Anderson Business Advisers Asset Protection (biggerpockets.com)

From an investment perspective, there's nothing wrong with the stock market but if you invest properly into real estate or even private lending in your retirement account you can get a much higher return than 8%. 

And fined retroactivally.Additionally, if a tenant has an accident (slips/ falls/etc), or something goes hugely wrong with the dwelling (fire/electrical/etc), your insurance WILL NOT COVER the claim.