Sometimes this is abbreviated as CoCR.Basically if you put in 10k and you get out 10k, that is break even.

I sign leases with that as well, it's like an abbreviation.

Also, considering the market prices and my pretty abbreviated time frame, am I doomed?

@Niaja Farve MFR is an abbreviation for Multifamily Residential.

I'm trying to learn all the Legal abbreviations and am just a little confused to what it all means.

Joe, I am also new at this and would like a total break down of what all of the abbreviations mean. 

If any of the previous mortgage loans were paid off you should see a line that indicates a discharge of the lien (it may be abbreviated DIS or something similar) associated with the name of the mortgagee or obligee (the lender).

I think if you right click on the abbreviated link above, it will take you there.  

Jay excuse me ..I should not have abbreviated ..up until recently I had no Idea what a VA was...VA is short for virtual assistant....she calls local for sale by owner adds for me and completes property information sheets so that I can determine  if the seller is motivated or not.Depending on what the seller is willing to do I may either owner finance  or lease option  and then sub lease or owner finance to a qualified tenet buyer with a significant down payment.In that case by theory I should be able to get a llittle more then market value because I am making it easy for people to buy who normally wouldn't qualify for a bank loan.My plan is not to make payments until I find a qualified tenet buyer to come in so I won't be using traditional financing.

utm_source=newsletterYou can find a glossary of some acronyms here: https://www.biggerpockets.com/rei/real-estate-abbreviations/You might also want to read: The Ultimate Beginner’s Guide - https://assets2.biggerpockets.com/uploads/user_file/file_object/329/UBG_2018.pdf...actually the entire section: https://www.biggerpockets.com/guidesBP has a whole section dedicated to education and starting up - https://www.biggerpockets.com/intro-to-rei/overviewGet busy with the entire Education section on BP:https://www.biggerpockets.com/hubs/property-typeshttps://www.biggerpockets.com/hubs/financehttps://www.biggerpockets.com/hubs/strategyhttps://www.biggerpockets.com/hubs/finding-deals/analyze-dealshttps://www.biggerpockets.com/hubs/property-management (including TENANTS MAINTENANCE)https://www.biggerpockets.com/hubs/business-operations (and the sub section on REAL ESTATE MARKETING TOOLS & TECHNOLOGY TAXES & ACCOUNTING LEGAL TEAM)One way or another you will pay your "real estate tuition" - either in time, effort or money.