Dear fellow REIs, I wish you had great Easter weekend.In 2018, my REI goal is fix & flip individual units in multi-family buildings and generate net profit over $100K to learn and test about this industry.

When I helped develop an internal software system for a financial institution we tested all of our loan calculations against TValue and a good ole HP12C.

Still, if you purchase an asset with resale value, I myself would be confident testing market for 2 to 3 years.

Hello all, I have been renting my first property for about 5 months now to a section 8 tenant.This property was my personal home for about 5 years and I decided to rent out and test the landlord setting out.

You can also test market a finish package with a unit.

The well and septic were Not tested at all....they just pressure checked the plumbing for breaks.

That is, classes, testing, finger printing, etc...However, I am moving to the Orlando area of Florida and escaping my life here in Ohio, for better I foresee.

If I were you I would do test ads to see how the demand is on filling vacancies. 

Second question, Should I go toward the top of my budget (qualified at $260,000 and currently looking at properties near that amount) at the start, or should I scale back and do a smaller property a little further away to test the waters and gain some experience with finding and managing tenants, but will allow me to easily afford the mortgage in the event of vacancy.Any advice, or criticism, would be greatly appreciated.

I would set up the numbers in excel and stress test my assumptions (i.e. run scenarios with cost being 10% to 50%+ more) and see if I can take the loss.