The wholesaler did all the work, all of the research, crunched all the ARV numbers,  had spent over a year building their list of investors, and then went to an agent to write the offer on a heavy fixer in MLS.  

I've crunched out different numbers a million times and my cashflow seems promising yet I'm having some last minute doubts and trouble figuring out whether my investment is "good." 

If they don't pass muster no need to even crunch the numbers or dig into anything else. 

Vacancies are an issue in Phoenix and other sun belt areas. 2) travelling there to meet with buyers agents and property managers + get a feel for the town etc 3) check comparable sales on trulia 4) crunch the numbers using the 50% rule Quiet a few people on here will tell you to stick to an area you know and are familiar with- but they dont live in a completely overpriced market like Cali.

In the past a lot of the preliminary work I did was to separate the BS & crunch the numbers before presenting her with the bones of the investment.

The security deposit can be up to 2x month's rent in year 1 in PA, but drops to 1 month's rent with year 2.My tenants pay anywhere from 15% to 70% of their rent with the Section 8 subsidy covering the rest.In Delaware County, PA, the housing authority is severely budget crunched.  

I know people thought I was crazy joining when I was that pregnant lol... but I saw it as a time crunch to get it done quick, not a road block (but maybe i am a little crazy lol)@Howard Young - I'm glad my story could motivate... don't let anyone distract you from the path you're on!

I haven't crunched the numbers and don't know a lot about the house or the area because I've never lived there.  

Then the credit crunch happened and my card stopped working all of a sudden.

I'm ready to start crunching numbers.