hello I'm Rupert from Arizona, new to the game but shoot for the stars trying to be rookie of the year.

I'd say there are a few errors in your assumptions.1) Don't ASSUME 50% for taxes, insurance, HOA, maintenance and vacancy. 

Hello @Chris Viglietta , My advice would be to have a trusted agent review comps, make sure comps are in a 1/2-1mile radius to eliminate room for error. 

Hi Everyone,I am a rookie REI looking to learn from the pros.

I am somewhere between a newbie and a rookie real estate investor. 

@Maranda RobisonYou can not sue yourself or seek damages for your own Error or Omission under your own policy. 

There is no room for errors.

I understand I will learn quite a bit through my own experience but I would just like to avoid some errors if I can learn from someone else's mistakes.I'm also looking to network with wholesalers and investors from the Atlanta area.Thanks guys!

At this rate, you would eat up your 401k in around 13 yrs and a bit (as per my rookie calculations).If you really want to do this, I would think a Roth 401k is a better option.

What's up BiggerPockets! After lurking in the shadows for a while I figured it was time to stop being shy and introduce myself on the forums. I found BP shortly after I barely escaped a guru trap two months ago and ...