IHMO (and, I'm in the middle of rehabbing a house as we speak), you CANNOT rehab houses unless you have a significant amount of cash on hand.

I just finished reading "Middle Class Millionaires" but I almost put it down before I got too far into it.

Further, from the numbers you posted, none of the deals seem that great at all.Typically with a bank you can count on meeting in the middle in my area here, so if the ask is 50K on a house and you come in at 40K you can count on closing the deal somewhere between 44-46K depending on DOM, last price reduction if any, etc.

I'm in the middle of another deal that I'm not sure is going through and if it doesn't, I don't want to be tied up in this deal.Thanks

The broker who I was working with....who responded to my last post on this forum....wasted 2wks of my time and then dissapeared right in the middle of the deal.I have a sigle family under contract, solid deal.

I am basically going to be a middle person.

Then I try to figure what is a good price range, typically somewhere the middle to lower price range to put it back on the market.

Then they tail off and slowly stop going.You have to make that first hurdle low enough so it becomes HABIT.Shoot for 2 days a week, say one day in the middle of the week and one weekend day.

We are a middle-aged couple and so far only experienced in buying homes for ourselves to live in.

Your business appears to be the flipping business, not the rental business, which is why you don't understand how this works.The vast majority of renters in this country are low income and lower-middle income people.