I've actually started looking into that today, thank you.

So I guess I am wondering if at my age its too late to get rich slow as is the case with most investing.

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.

If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

And plenty of people wholesale mls all the time and get deals it's actually quite common.

It's just a math problem and if you've done the work up front you shouldn't second-guess yourself.

Here in Denver we actually have a restaurant depo where you can get papertowels, utensils, etc. in bulk.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

I've heard of some of these, but not all of them and there are many options out there that it is helpful to hear from someone who has actually used them. 

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money.