@Nicole W. is making perfect sense by encouraging re-training the tenant, but I don't really have time to test those waters if he needs a place the end of this month.Given my time crunch, it might be best to just file the eviction and have her reimburse me the fees and any lost rent.

Aside from his asking price, what information do I need to gather so I can crunch the numbers.  

I've crunched the numbers, and it looks like monthly cash flow will be around $100 after saving for repairs, and all expenses etc. 

You don't have to buy using all cash - you can start off with a loan and put 20-40% down and use the rest to buy another property using the same strategy.Do factor the cost of borrowing when you crunch your numbers to see if it makes sense.Numbers don't lie.

But I am just a guy who has been watching Brandon's training videos and has been crunching the numbers using the spread sheet and I just can't wrap my head around paying down debt instead of investing for cash flow. 

We have an MLS setup with criteria, and using the steps i learned here the plan had been to get as many of the key numbers crunched (cash flow, cash flow per unit, estimated offer price,etc) prior to asking for a showing, and just use the showing to confirm repair costs,etc.

In a crunch I do the "Bed In A Bag" from WalMart. 

I've crunched some numbers in some neighborhoods in the Austin MSA and if I make a large enough downpayment, then rentals still work.

Just identify your business plan and the type of investment property you want to invest in, the class of property and class of renter, if you want turnkey or to do some work, and stop over thinking, crunch your numbers and get going.

Also consider crunching the #s and see if he'll agree to a flat % return on your investment.