Bought, that is correct. 

Both @Nathan Gesner and @Lauren Stark have provided valuable insights on this.One potential path for you is to join an established team to gain experience.

@John ClarkYour math is not correct.2.25 x 2 is 4.5%

I would have been told by someone about index services (with correct hours) before spending $40 in postage to overnight something to Springfield.Hope my experience helps a fellow investor.

Is that correct?

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

Are you sure they haven't already gone that path?

@Ryan Fox some great info here, but while you are correct that a service member assuming a VA loan restores eligibility to the initial veteran, making the deal more attractive, it is not strictly true that a veteran can only have one VA loan.

.: We've gotten off topic a bit but now I'm unclear on who is correct about Additional Insured vs.

While I agree having it in the contract would keep this from happening, you are correct in saying the security deposits do not belong to the seller.