The price you're paying for the home itself can be evaluated by looking at the cost of tiny homes from other TH builders (what you would pay buying it direct and not through a friend).

Management and leasing fees should be considered as expenses when evaluating a property to purchase.

This meeting we propose would NOT be intended as a "competition" with that one.What we are considering, however, would be focused less on information and more on informal networking, and learning through guided conversation and possibly even opportunities for evaluating or pitching deals.

Some attorneys recommend evaluating the interest rate to make sure that it is indeed reasonable given the parameters of the loan.

@Ramon Gutierrez Why do you think the bank’s appraisal for a refi would be any different than the one for the PMI evaluation?  

@Andy Mirza More than likely this would be a rental, that decision would most likely be made upon the inspection after the purchase since rehab costs could actually be evaluated.

. :)As far as evaluating your cash flow, you would probably still want to account for a little bit of maintenance.

Good for taking the first step the next steps are saving as much as you can and learning the math so that you can evaluate various properties once you are comfortable with that you can get pre-approved and start seriously looking to buy.

I will take a deeper dive and evaluate all my options.

I've had bouts of intimidation, doubt, etc.