. :-)A quick comment about property prices: We cannot go by “estimates” regardless of who generates those estimates. 

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

congrats on the Naca program I have sold a  handful of my OREO to Naca buyers.. its a great program takes some resolve to go through their initiation process. 

And the answer is that it’s a matter of the decreased risk associated with lower leverage vs. the expected greater return that the funds that would payoff the mortgage principal can generate when used for a different investment.

In the unlikely event that you are the exception that proves the rule, the rare 18 year old who can actually generate a serious income by wholesaling real estate, your day to day will look like the following: - You will door knock, cold call, send mailers, and otherwise create lists of people who are in the most desperate moments of their lives. 

We did this because initially we were just going to build/sell, but I would rather hold on to it.

Here is some clarification:When property inside of an IRA is financed, it generates UDFI (Unrelated Debt-Financed Income), the income derived from the leveraged portion of the property. 

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Do you see these as a way to scale up in size of investments (and to consolidate several properties into one perhaps) and to make the income generated from them as a more passive income stream.

It can be trained to provide an initial analysis but I agree, nothing replaces expertise and sound underwriting.