I really like the idea--I am pretty fresh out of college, so I am used to moving in and out of places quite often.

(And the people who rent those types of places will expect you to go crazy bringing it back to near-new condition in between tenants.)I think the real trick is finding an area that isn't super gentrified - I hope I am using the term correctly - but yet isn't a horribly dangerous, sketchy neighborhood.

Right now, I am using my employee status to research and educate myself on what it is to be an investor.

Keep in mind that the numbers I am using are a little off because this is a public forum.

I am actually closing on another low dollar amount ($27,000) loan next Friday.I am using a small local bank, but they are reselling the fixed rate loans just like everyone else, so I do not see what the difference would be.

I am using my credit card at 11.9 precent to buy any supplies at homedepot.

The lawyer I am using is not responding to my calls.

(I am using a 4% 30yr fixed in my estimation here, with a 80/20 LTV)790pm Maintenance ( I took the list price / 2 then minus taxes and insuranceTotal expences-2343pmGross Income  -2930pmNet Income      -586pm (15.25% ROI on the 46,000 down payment)We are still looking at numbers and I want to make sure I am not missing anything in doing so.

Your property management costs should be under 12%, and you might get a slightly better rate as a quad.Since it's not owner occupied, you won't be able to get 95% LTV unless you get some seller financing, or if family/friend will loan the final 15%.You can get conventional financing for 5% and don't have to live in I am using it for a  house i'm buying  up by UCF.

This is awesome… I believe I can get the water connected for less than the $9000, I think, But… I still do not have an end buyer to assist with the transnational funding I am using for my POF.