I will support my family on the $40k/yr and the rest will go into paying off my rental properties which some of you will disagree with but I have done the numbers and evaluated my own risk tolerances with loans for rentals and decided for my family paying off the ones we have is the best course of action.SO..

I would like to find out what the current owner is renting the units at and the expenses that are accurate so I can evaluate on actual numbers and not guessing.Thanks BP!

Warrensburg is a booming housing market right now, I spent last week their evaluating deals.

Obviously its manufactured wood so i know its going to take a beating but i guess that's just something I've got to work on and mature as i try to evaluate decisions more from a business stand point and not from the perspective of living there myself.For the kitchen i did actually go for real plywood cabinets because i didn't want to invest in something that I would have to then replace in two years after it got wet and started to swell and break down like the IKEA and other particle board options so that wasn't so bad.Now for the issue of bandit signs I can't lie they are definitely NOT allowed in my area.

Would love if you could share your agency and any insight to how you evaluated them and any other marketing companies. 

As for the first flip, go with these margins for "napkin math" to quickly evaluate it.Buy for at most 50% of ARVRehab for at most 25% of ARVSell for 100% ARVThat will help you avoid overpaying.

The first thing that came to my mind is to take all possible expenses in your evaluation.   

When you talk to people about what they do, you can start to evaluate whether you would enjoy doing what they are doing.  

I think if upvotes are an indication of credibility then that's who I'll looking for as a lender or syndicator, or home inspector etc.And @Mindy Jensen, don't you worry bout the 12000 to 900 ratio. 

I don't want to waste the agent's time but I also want to find information to get myself better at trying to evaluate purchases.