Looking to invest in the next month with great actionable tips heard thru there and books recommended. hope you're ready for the adventure as well.

@Tim Herndon thanks for the tip!

Thanks for the tip on posting the numbers on the buy and sell board.

Any tips will be greatly appreciated.Thanks,Dave

Tip: pay them on time and they'll always be happy to show up when you need them.  

Any tips or advise posted here on BP will be greatly appreciated also!

If you can get it for 390k, you'll have a 4k/month job lined up :)I think I used all your numbers and came up with these:Down Payment $157,500 Remainder of closing costs $7,500.00 Total Due at Signing $165,000 Mortgage Rate 5.00%Length of Mortgage in years 20 (commercial)Monthly Mortgage payment $3,118.29 Taxes $516.00 Sewer and Water $152.00 Trash $76.00 Heat/Utilities $125.00 (This is my big question mark)Legal $41.67 ($500/year for LLC filing fees)Cap Ex and Ops $450.00 (this is $400 + $50 for gardening)Insurance $333.33 Mgmt Fee $950.00 Vacancy $950.00 Total Expenses $6,712.29Total Revenue $9,500.00 Cashflow/month $2,787.71 Cashflow/year $33,452.51 Cash on Cash Return 20.27%

Thanks for the tip - I've used the feature before but apparently when you back space to change the name it breaks the Java Script(or whatever technique is used) behind it and doesn't look up anymore in Firefox on Mac until you delete the @ sign all together and type it over! 

Thank you for the tip.  

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessOh - and if you haven't yet- be sure to setup some "Keyword Alerts."