All-In Costs & Profitability-ARV: $450K-Purchase Price (financed): $170K-Repairs: $150K-Holding Costs & Financing: ~$20K–$30K (insurance, taxes, utilities, interest, etc.)

Since it is your first I would say all the above are great recommendations. 

We're having to reorient our entire portfolio and sell pretty much all our big houses and condos because they don't cash flow anymore. 

As always if you have any questions, I would love to connect and talk about all things data and real estate.

The benefit to the seller is that they don't receive all of their capital gains in the first year, but they will pay as they receive their money. 

He personally screened every tenant, handled every maintenance request, and even showed up to mow the lawn at his properties when the landscapers were running late.His phone rang constantly—contractors, tenants, vendors—all needing his immediate attention.

Quote from @Curtis Cutler: Hello all, I'm trying to rethink my retirement plans.

I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.

This is how i know him, as he uses my cleaning company’s services all the time. 

I did find a mentor on BP who expediated my experience with REI and continue to mentor me in my journey...all for nothing in return!