Your numbers helped alot.I think the problem is I was concentrating on a 15 year fixed at 3.5% and with Prin., int., taxes, ins.

If you're staying local, I recommend checking local university MBA programs as many business programs have a concentration of real estate.

I just saw this on the internet...

As Bill Gulley said, as a listing agent I don't accept these "loan preapproval" letters that guys get off the interent from some supposed internet "private money lender".

Of course when I started, the internet was not around, so BP is a big advantage you have over what I had to get goin.

Might check on the parking requirements as the concentration could be higher for multi-family.As Wayne mentioned you'll have a minor subdivision project changing the legal descriptions to a common lot, that can be political.

I appreciate your help on this:First, I research the zip code and neighborhood on the internet.

My .02$As a experienced wholesaler, Im not sure your concerns are necessary.To ThomasThere are other expenses like marketing,buying leads, my phone, paper, ink, internet service, etc. etc. but all these things are just tallied up as cost of doing business.I use the same formula as above but sometimes I use .65 depending on the motivation level of the seller.Taxes are pro rated at closing, I dont buy any insurance (why would you?)

BP nation - I need some ideas for non-internet marketing...

If you want to get direct with sellers you need to do mailers, internet, and a whole host of other strategies to get in front of them.