Good luck to you.Mark (N-CA)

It has the potential to work out really well for you but tax lien investing is a p-a-t-i-e-n-c-e test.  

However, after the N/O/O bump, and probably a bump for 3 units, let's assume 6% on a 30-year term.Loan Amount (75%): $184,425Monthly P&I: $1,105.72ADS: $13,268.64CapEx (2%): $658.92 (First off, CapEx is not an operating expense; which is why I'm putting it down here.

@Roy N.

My father has Beene N real estate buys and sells for about 40 years and he has taught me a little bit.  

Then file your "Notice of Petition to Administer Estate"..Mark (N-CA)

@Jered Sturm has done an excellent job detailing the benefits of owning over handing your money over to a(n) REIT(insert entity).

Hello so there's this property that I would like to acquire but I want to know if I'm wasting my time reaching out to them or is there a possibility that I could make money on this.ARV: $500,000Rehab: ~$33,500 (probably cosmetics but did 15*square ft just for an estimate)Acquisition price: $390,000 (that's how much they owe on their mortgage)Estimated Costs: ~$47,800My AOC: $10kPossible Profit for Fix N Flipper: $44,400Are my calculations sound or is there something I'm missing?

Other ones in and around the city are The Boston Wealth Builders in the city, the Boston Area REIAi n Medford and the Boston REIA in Dedham.

I would suggest going the wholesaling route until you build up enough capital to do a fix n flip or save enough for a down payment.