Asking price: 39,500Estimate Value: 70-75kRent: 1000MTG Payment ~ 400 with tax & insuranceI've noticed in the "Fly-by level" guide for newbies it recommends taking 50% of the rent for expenses then deducting your payments to make sure you have a positive cash flow.

On the sixth I leave late notices and they say "As of mail delivery, this date, I have not received your rent payment.

If you notice a property that looks vacant (unkept lawn, newspapers in driveway, yellow or white papers stuck to either windows or doors) jot down the address and look up the property in the county tax records and find out who the owners(s) is.

Michigan law is 30 day notice, Florida may vary but there is rules regarding notices.

I noticed there isn't a search bar to find certain topics..

If you're going to be flipping, you need to know Fannie/Freddie and FHA underwriting guidelines inside and out.

How many Fannie Mae backed loans can you have?

Here's something from Fannie's website:Gross building area, which is the total finished area (including any interior common areas, such as stairways and hallways) of the improvements based on exterior measurements, is the most common comparison for two-family to four-family properties.

I've noticed appreciation goes a long way when it people take the time to respond to questions.See you around!

I have also noticed in some examples that people add their principal from their mortgage payments to the cash flow number and then subtract the deduction number?