Your net spending amount might be equal the ARV estimates after rehab, so get a grip on those anticipated costs and see what you will need for a rehab budget then compare them to ARV and see if you are getting a deal (and can sell for a profit once you choose to sell). feel free to get actual quotes if needed.

Once you've got a grip of these things, you're probably ready to start putting together a plan for how you're going to build your business.I'd recommend you start getting out there in the meanwhile, and looking at all the multi-family properties in your market.

Coming to grips with that has been critical in my recent life. 

Hey guys,I've been trying to study the market for 4 unit and above multifamily properties and apartments in these areas, but can't seem to get a grip on the market.

All these numbers are mushing my brain, but with this forum and these books and podcasts, i feel i will eventually be able to get a beginners grip on what i'm looking at.  

Just be careful to plan it correctly.Based on your figures you'd have to come in with a substantial amount of cash to pay down your loan to 75% of appraisal in order to "take out," or refinance out of the FHA loan.One solution beyond having a grip of cash is to buy the fourplex considerably under-market but the likelihood of that is two fold because you have to abide by the "health and safety," standards of FHA financing which can be daunting at times when looking at REO's, auction sales, and etc.Best of Luck,

They grip the comforter very well.

I feel like I am now beginning to have a grip on the basics, and want to apply them.

I’m currently getting the grip of wholesaling but I’m finding all these different ways to get into real estate with no capital.

Quote from @Chad Keilen: Sounds like you have a grip on it, so the next step is to get the tenants caught up on rent or moved out.