I'm shooting for no more than two months training time. 

The sales should be as recent as possible, but no more than 6-months ago. 

I wanted to keep my budget to no more than $120000.

In my experience, around 50 Flips last year in SoCal, a 900 sqft house should need no more than $15K in a normal area, and $30K in the highest end of neighborhoods.

They fund the purchase price and rehab, as long as it's no more than 70% LTV.

I would probably build in 5 year renewals where the rate can go up by no more than 1% or 2% base on what the mortgage market is doing.Yearly cash flow before taxes = $15,500 … after taxes = $14,100Cash on cash return on before tax cash flow: 19.5Other Notes:Rents are below market on this property and I’ll be doing light paint & carpet work.

He is limited to making no more than $40,000 a year at a job, because of the rules of his disability insurance.  

We discovered about a month into it, that the house was in a neighborhood that restricted occupants to no more than 2 unrelated people.  

To view all of the properties that are up for auction in a weeks time will take me no more than an afternoon once a week to veiw.

In addition, they will require about 10% of his net worth to be liquid.So, he should plan to keep $300,000 in some liquid investment, be it CDs, stocks, bonds, etc.He should then find a series of properties to buy where the mortgage will be no more than $2.7mm.