Rich Dad Poor Dad, Sell or Be Sold, If your are not First you are last (one of my favorites), Elon Musk, Millionaire Next Door.

@Rich PierroObviously there's a lot of unknowns here but if your comps are at $389, I think $430-450 might be a little high.I'm not sure what you mean by "60 day close and flip", but if you mean that's the time it'll take to flip and close on the sell side- I think you've underestimated that.

If you do have the cash, then a traditional loan might be a better option for you.It really depends on your objectives.  

. :)Property management companies might charge more if there is more maintenance, and you might need a super if the tenants are not used to cleaning up after themselvesIf you total all these up the 2% rule-of-thumb may not be the returns you're looking for, especially when you factor in the tenant headache you are dealing with.Last point: often if you buy a property for $30K you will likely be selling it for $30K in 10 years, so don't expect to necessarily get rich off the appreciation.With all that said don't let this stop you looking for property, because you MUST start somewhere - we all did. 

CMBS loans first gained popularity in the 1990s filling a void in traditional lending that resulted from the S&L crisis and the prolonged lending downturn that followed.

I have read Rich Dad Poor Dad which was a life changing book seeing that no one taught me about money growing up.

We live in a rural tourist area and have a very disfunctional market, but I assume from your location that you would be in a more traditional market where a new home would be an easier sell.  

I offer a flat fee per closing specifically for owner/agents, as well as the more traditional brokerage commission splits if you're looking to build your brand.

@Helen Kirk@Matt Rocksvold@Rich Ferradinothe property is about 9 miles North of the center of Jasper of Highway 257.

@Kyle SturmanIf you plan on using traditional mortgage products (like fixed 30yr mortgages), then you will be forced to own the property in your personal names.