I've avoided being an agent bc I don't want to pay all the fees and sell houses to get paid, but that was before I knew an investor specialized brokerage like this was a thing.

.✅ Calculate potential profit/loss using this simple formula:📊 (Monthly Rent - Total Monthly Expenses) = Net Rental Income3.

This all is dependent upon you getting the carpet from HD of course.

I am just getting started out and have a rough idea of how to work through these numbers and so I wanted to throw this out there to see how far off I was.I haven't gotten any numbers on financing this so I assumed a lot.

What made you interested in investing in this type of deal?

Up until this moment no tenant yet .

This would hopefully maintain strong cashflow from the property will providing some capital to use for the next property acquisition. 

Some people will do this with one building, then after a year go out and repeat the process with another property.

Its how come I am so entrenched in funding in the mid west till this day.. 

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.