Some times it can work and the gamble pays off, unfortunately it usually does not.The numbers starting out look good enough to try you only lacked the experience to succeed.My advice would be to stay away from real estate.

I would start here and also get an accurate value for the prop.4.)

If done correctly and accurately, the CAP Rate boils down an investment to simple numbers we can all understand.

But it is not accurate so I would not even think it is meaningful. 

@Brandt Gentry that would put your loan amount at ~50% LTV assuming your current value is accurate. 

Also buying and selling SFR isn't that complicated of a investment so simple year by year CoC calculations can give an accurate enough picture for the vast majority of people on BP. 

Reporting was a joke and did not accurately pull in revenue, fees, etc...4. 

Also in order for me to run accurate numbers do I need full access to MLS or Zillow?

If my investor is flipping the property I always make sure I include the resale costs in order to have a more accurate bottom line number.We also always add 5k to 10k for misc repairs just in case. 

Vic,  The advantage to being on the MLSas a wholesaler is to be able to quicklycomp an area accurately and to be ableto get information.