I have always had a desire to pursue Real Estate investing, but it wasn't until I read "Rich Dad, Poor Dad" last week, that really lit a fire in me.My investment goals are to start out in wholesaling and then proceed to rental properties in the hopes of attaining steady cash flow and getting out of the "rat race" in order to leave a financial legacy that I can pass on to my family.I look forward to connecting with you all.Blessings,Ray Nicole

A few years ago I was buying a new home my primary residence the only way I could qualify was an audit of my P&L. It

@KJ L. It's

I have been thinking about investing in Real Estate since before hearing the BiggerPockets podcast, then when I started listening to it more the fire was really lit.

Kansas City has been getting lit up by investors and developers lately... 

The furnace has an automatic pilot light so it doesn't have a flame that needs to be lit.

Here's the quick overview of my numbers and projections with more detail in screenshots of my excel spreadsheets:Purchase Price:  $365,000Price Per Unit:  $60,833Two-Family:  $121,667Four-Family: $243,333Rehab Estimates:  $60,000 ($10K/unit) Estimated After Repair Value:  $575,000Loan:  90% LTV (of purchase price) @ 12% interest for 6 months with 2 points paid on exitProjected Cash-On-Cash Return:  29.35%Projected Internal Rate of Return:  51.02%Here's a picture of the current rent roll (two units were vacant) and my projection of the rent rollCurrent Rents:  (more details considering the numbers don't tell the whole story)Two-FamilyUnit 1 (2BR+):  VACANT - son-in-law lived here and moved out prior to closingUnit 2 (2BR):  VACANT - empty when I walked it... he was "finishing" itFour-FamilyUnit 1 (2BR):  $200/week H&HW included - one bedroom is painted entirely black, multiple windows are broken, and other weird things...Unit 2 (1BR):  $780/month H&HW included - only "normal" tenant in the buildingUnit 3 (Studio):  $150/week H&HW&E included - complete hoarder... floor to ceiling with junk except for a small path from his bed to the bathroom and the fridgeUnit 4 (Studio):  $155/week H&HW&E included - smokes in her apartment without a care in the world... had a lit cigarette while I was walking throughProjected Rents:Two-FamilyUnit 1 (2BR+):  $1,400/month (OWNER-OCCUPIED) nothing includedUnit 2 (2BR):  $1,200/month nothing includedFour-FamilyUnit 1 (2BR):  $1,200/month H&HW includedUnit 2 (1BR):  $1,100/month H&HW includedUnit 3 (Studio):  $1,000/mo H&HW&E includedUnit 4 (Studio):  $1,000/mo H&HW&E includedHere's how the numbers broke down for cash in and cash out:Actual and projected expenses for the properties (I was given a single sheet of paper with hand-written numbers). 

Thanks @Taylor L. It

I take it your pilot light stays lit, but the burner doesn't come on as it should. 

Some developers with QOF backing are looking for shovel-ready situations, so if you can quickly assemble land, there could well be demand.The clock is ticking fast, though, since a lot of funds close on 12/31 (tax benefits dim after this year) and will have to place their capital by early 2020.