This is a very simplified response; hope it helps!

Simplified numbers on the deal:Purchase: $499KRenovation: $77KTotal loan: $578KEst ARV: $685K Refi LTV: 84%If all goes well, we’ll be looking at 13% forced equity + 3.5% down = ~16.5%.

Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.

To be conservative and simplify the calculation, I will assume that we have only 1- and 2-bedroom properties in a 50 - 50 proportion.

The real battlefield is not on the hands of the realtor or paperwork.But it's initiation to take over NAR/MLS from Zillow/Homes/Redfin/Movoto.These are the realtor actual threat.Once they can simplified the process then some of the traditional broker is on trouble.

Having several similar rentals close to each other will simplify managing them.

Someone please explain to me how to create my first cash flow property...I'll use easy round numbers to simplify.

@Christopher Benjamin  Here is a simplified version of my more elaborate yearly cash flow model you can start with.

new to this site, hoping to simplify whether I should sell a lot purchased when sold a SF rental back in 2006. the gross sales price of the house was 165K, but the net was closer to 151K. 

I have numbered my questions below and also attached a very simplified version of a DCF valuation to illustrate my questions.