Your gross rent would be upwards of $2000 per month and your net income would be in excess of $1000 per month, perhaps somewhat more early on before maintenance catches up (initial investment assumes a good rehab.).You would have the cash to pay back the loan if you wanted to rather quickly or you could re invest in similar properties as you accumulated more capital.I am basing my expectations on the 2% 50% guide found on BP and have been exceeding these numbers at least in the short run.these properties are in C areas which I define as lower income working class areas.

;)Now I'm taking the week "off"--of rehabs at least--to catch up on accounting and household whatnots.Next week, I've set up appointments to see more properties--for myself.

Not smart or legal, wait til they catch you......

I must have missed your post about Financing with No Money Down so I'll go back and catch up.How's the market in Abilene?

Unfortunately I let O'Brien Law close one of my deals with HUD to save money and guess what they didn't catch back taxes due on property when I went to resell.

It didn't catch on.

Get with the lender and make arrangements to catch up.

It's funny that it will all catch up to them in the end.

I had stopped for a while but am catching my 2nd wind now.

I opted for the letter, as I would like to give the buyers the chance to catch up and I think they will.