You have to be fiscally responsible and look at it from a long-range perspective.I recommend everyone crunch the numbers using their personal situation and at least a ten-year window to see how the numbers work for both options.

I'm crunching the numbers and have a few Qs - 1) what closing costs am I looking at when leveraging owner financing?

My biggest challenge is that nothing happens in this without a dollar going out of my pocket.Nothing happens for free... at least not for me.I can sit and invest more into this, but I am always nervous that I will hit a cash crunch...its kinda like owning a boat...

The fact that it is in foreclosure means little except that you may be in a time crunch to perform and that you are dealing with an extra sensitive situation and distressed owner/borrower.

Now I’m searching for our first property, crunching numbers on MLS but not finding much that would cash flow.

Accounting is not just merely crunching numbers, it is the language of business.

After crunching the numbers it seems planning on a 10% vacancy rate and factoring in a property manager the cap rate should still be close to 20% on the buildings I'm looking at. 

If we can crunch some numbers and figure out if the amout we need from a cash out fits with the Rental value.

However, there's an interesting property situation that my mom's living in, and I used it as an opportunity to pretend-crunch some numbers.

Before crunching the numbers more or even thinking of making an offer, I have a few concerns:  I'm in Austin, that means building a network of contractors, agents, etc. in Dallas that I don't haveI'm busy at work, and am not a full time investor, is it possible to be "hands-off" and still be successful on a first rental like the one I'm considering?