It went into specific details as opposed to the general salesly sort of stuff.  

I feel like it's an expansive topic so that's why I asked for good resources that could help me focus in on the right details

Detailed annual expenses include:  vacancy rates, specific tax rate, 10% for property management, liability insurance, sewer, electric and gas, snow and lawn care.   

Clearly you need to listen to more of the latest Bigger Pockets podcast, Brendon and David answer your question in details. 

Detailed annual expenses include: vacancy rates, specific tax rate, 10% for property management, liability insurance, sewer, electric and gas, snow and lawn care.

@Orlando Davis I might be interested or have an investor who is, will you send me the details?

I don't know the details of a Land Contract.Your W2 comment makes me wonder, can I write off both the interest as well as the loss (diff in mortgage and rent?)

The inspection will tell you a lot of details on the quality of the house.Analyzing the numbersBased on the numbers it looks like its close to a 1% deal$600/$55,000Where $600 = monthly rent and$55,000 equals cost per unit(I am counting this as a 5 unit moreso than a 6 unit) $275,000 / 5

@Andrew Postell Thank you so much for the detailed response.

While I was doing my due diligence on this process, I found some difficulty getting details on what to expect so wanted to share my experience as a data point in hopes of helping others who may be going through this process.