It's the same principle you would practice with a mutual fund: it continues to grow (hopefully) and you pay a tithe from the prophets received at the time the profits are received.I am not strict about this by any means, for myself or others.. what other people give is not my business and I do not believe in people giving under compulsion.

I'm looking to dive in and learn so I've been just trying to practice underwriting lots of deal as best as I can to calculate the cash on cash returns and DSCR ratios.Thank you to all who answer!

If you are out there finding the projects with the sub 70% project cost to ARV the difference between 11.25 and 11.99 is neither here no there.I been at the practice of setting networks up now for two years. 

I'm not too worried about overpaying, just about getting bad value, or worse yet, bad practices.

For example, an experienced general contractor who does significant remodels of nicer homes might choose to go into house flipping because their practical experience is directly applicable.

I have been the Rental Property Calculator to practice my analysis in the Houston market.

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

In short, it's usually practicing real estate without license, but many people know how to do it "legally".

Conventional financing is geared and regulated for the owner occupied homeowner and is designed to protect that borrower from poor lending practices.  

Hone Microsoft Excel skills by creating 12 tab pro-formas to practice 1% rule underwriting on $100K single family homes. 4.