The most conservative way to break into the investing market.

Let's break down your equity based on your numbers:Property 1: 6.5% return on your equity (yearly cash flow/Equity)Property 2: 6.08%Property 3: .88%  Property 4: 2.09% Property 3 and 4 are definitely too low of a return. 

Hi, we are currently closing on a property for investment purposes. 

The below is the closing costs breakdown the lender has provided. Can someone review and help us understand if there is something we can skip and...

Another tenant, in another state, is breaking the lease and moving out...I feel like the markets are oversaturated with rentals....  

We let tenant break their lease early with no repercussions.  

Is there a book I can read or a podcast I can listen to that breaks down the steps for a rehab - starting with how to pick a contractor, how to prepare a SOW, what are the steps in the rehab (ie first you fix the roof, foundation , windows and exterior doors and then plumbing, etc.) , what work can be done at the same time (ie plumbing and electrical) etc.   

Break even on cash flow, purchase equity, appreciation?

first tenant ruins the carpet and breaks windows and your property manager sends you a $6K bill 7 months in? 

IMHO, you should at least break even (depending on your state) on your real estate and if you don't then don't move forward.  

I rent 3 of the bedrooms to my college boys and I break even on the mortgage.