"(45,000+3,000 closing+1,200=$49,200)This leaves me with two questions:1) Why would anybody go with B and only take out $49,200?

Hi @D B and welcome to Bigger Pockets!

I had our HVAC guy I have been using look at it, he said it is 12-15 years old and to repair them is pretty much wasting money as they are going to be band-aids and possibly not work at all.

You're also entering the business at a great time - 2014 is going to rock for savvy investors, and that of course will include you!

South Florida, we really rock in that department!

Lots of sheet rock dust, tape and mud there.

Windows won't open smoothly, door stuck, sheet rock cracking all over?

The house has 10 beds she takes 100 a month per bed off the top she is making 1K a month on a property she does not own nor manage just fills.Your banding can provide a serviceable model to fill properties for rent.Paul

If there is any implication that just anyone can follow steps A, B and C and then be able to raise even 1 million in minutes, such would be very misleading.

I spent almost 10 years in the woods of Northern Maine, the only guy for a mile in every direction, and I am seriously motivated to plop my but into a rocking chair on a wrap around porch in the middle 100 acres ....Experiences, critiques, questions, etc are all welcome.