Living thousands of miles away from KC makes it a much easier decision as well :P I calculate PM fees into my analysis (in addition to vacancy, maintenance/capX).

On the first flip, I didn't follow the "rules" Jake outlined on his calculator and in his course.

Then they would calculate an estimated market adjustment for # of unit differences.

Also consider the taxes, property management, maintenance, and vacancy when you're calculating cash flow. 

BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

DSS has a calculator to figure out the rent net of utilities if you do not include them.

BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

You pose a good question.It looks like the “about $65,000” that’s being transferred to John’s PFS could have been calculated by adding the $8,450 Tenant Security Deposits to the $56,541 Total Owner Equity, for a total of $64,991.

The one and only time I've heard Dave Ramsey address the idea of "good debt" and "bad debt" with enough time given to make a complicated point, he talked about how difficult it is, specifically in real estate, to precisely calculate the risk of these investments. 

Using the BRRRR rental calculator, I am trying to figure out what the cash out would be?