Even in this case you still have to have 30k for downpayment and closing cost (presuming you do FHA). 

I presume that 67K gross rent is per month (~800K / year)? 

Maybe, you decide you want to wholesale the project (or sell your option) to another investor or investor group presumably because you're just starting out and really don't have the money to close. 

Also, some 529 plans allow you to direct the withdrawal to the beneficiary, which would presumably keep it in a low tax bracket.   

--note how it states they will be PRESUMED to be brokering and must prove they are not!

I presume you have been listening to some GURU. 1.

He's getting the property for the agreed-upon price and presumably, he knows it's a wholesale deal.

Lana,I presume you were the lady who called me this morning?

I presumed you used the download from this link:http://www.biggerpockets.com/files/user/JasonScott...But that was not a spreadsheet, so maybe you can show us your source for your downloaded spreadsheet.There is also more related to this topic here:http://www.biggerpockets.com/forums/48/topics/7799...

I presume stated 18 mon timeline it's probably a flip.Assuming that, you are prioritizing speed, control, convenience, and access to capital, with exceptionally strong cashflow individually.