Also we are working on a partnership with Home depot to receive deeper discounts on material so that more savings.

I dug into the numbers a little deeper and found my INS. , property tax and garbage were low.

I am not nearly ready to begin investing but with the sports industry as volatile as it is I would love to begin delving into real estate.

As we learn the craft of brokering deals, we want to continue to go into the deeper waters. 

If the latter, you're only digging a deeper hole. 

One price drop and an extra month of holding costs (since those things often end up going together) and you are pretty close to break even.Draw your own conclusions but to me this is saying that using a 70% screening for deals in the low to moderately priced range should give a good feel if you should dig deeper into it.  

its deeper than cash flow.  

Yes the space rent is a huge concern, and the time that the home sits vacant would really stress me out and deeper in debt.  

how do you do it etc, dig deeper if time permits. 

Narrowing down the type of investment that suits your current situation with regard to time, finances and risk (even if you delve into other REI areas later) can really help whittle down the amount of time you need to devote to research and decreases the probability of analysis paralysis.Best of luck in your new adventure!