It just depends if your intention is to stay for 2-3 years (estimated time frame when housing will be back to normal) or flip it within 30 days before your first payment.

Is there any similar rule of thumb we can use that does not lump taxs in. Expenses

Worst case, if you don't get a signed contract, you can likely walk away - as they haven't inked the deal within a prescribed acceptance time frame (I'm not an attorney - so consult one before taking that step - I assume you have some earnest money in there)!

Of course, in any market the answer depends on the specific time frame.

The gifts are pretty inexpensive and are upgrading your property but they make the tenant feel like it's their home to be proud of and continue to take care of.You can train your tenants from the onset and this is just one way to do it whether you have one or 50.

They have an REO division in it that sounds really inexpensive.

I received a number of phone calls for hard money from all over the country, all within a short time frame.

If you have a few million already then you should have (note I said should) the skills necessary to turn it into 1 million per year cashflow.And the answer to my question is a much longer time fram then the numbers bandied about so far.

I think the time frames are realistic.

I live in Louisville, Kentucky, a city noteworthy for inexpensive real estate (and cost of living in general).