Your gross rent would be upwards of $2000 per month and your net income would be in excess of $1000 per month, perhaps somewhat more early on before maintenance catches up (initial investment assumes a good rehab.).You would have the cash to pay back the loan if you wanted to rather quickly or you could re invest in similar properties as you accumulated more capital.I am basing my expectations on the 2% 50% guide found on BP and have been exceeding these numbers at least in the short run.these properties are in C areas which I define as lower income working class areas.

Just don't try to deduct mileage to inspect that property ;) -Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

That was better, but I was still trying work backwards from gross rents and include debt service. 50% isn't perfect, but it's a great guide.

-Steven the Tax GuyYour Guide to IRS laws, rules and regulations.

It just doesn't make sense to spend you valuable time on the problems (both in real estate and in life).Look at all the people that waste years and years of their lives, suing people over a deal that didn't go their way.

thanks for your valuable input.

At the risk of alienating some agents out there, I don't know of a residential real estate agent certification that I find valuable as an investor.

Jon Holdman gave you a valuable dose of reality.

There are also countless incredible articles on our BiggerPockets Blog that you'll find to be extremely valuable . . . make sure to spend some time there and you'll be well on your way.Good luck and thanks for letting us be a part of your journey.

The goal is to make an upfront profit, a monthly profit and a future profit without any money down or using any credit.Each state has different laws regarding Lease Options so make check to make sure it is legal in your state and you are using the proper contracts, also the benefit of an escrow/title company is they will be able to guide you but make sure you work with an escrow/title company that is familiar with The Sandwich Lease Option.Remember to be successful action is the key...Marv Rousselow