Interested in reading on leverage, capital gains, buy and hold, and especially the math involved.

What I do like, whether posted here or not are articles where someone else did the homework!

At very lease, be prepared to present some comps and a reasonably detailed scope of work that indicates you've done your homework and you're not just throwing out numbers that the seller may have given you.While it's always tough to get private money when you're just starting out (especially from people who don't know/trust you), it's possible.

With that math landlords are getting double digit % raises annually.

What would be his insurances and taxes, I'm not that great at math :)Will Manage Myself and there are recent CapEx upgrades.Maintenance - $63/ month (10% of rent payment)Vacancy - $63/ month (10%)--------------------------------$625 Gross Rent Payment every month-$63 Vacancy-$63 Mainetenance-$380 PITI=$119 NOI per monthI planned on putting $5,000 down on the subject to financingI am estimating $3,000 in updates$119 NOI per month x12 months = $1344 in NOI per year/$8,000 acquisition and repair costs = 16.8% CoC returns.For those of you experienced in Subject To deals do you have any ideas on best way to go about closing this.

Except you neglect the fact that management is budgeted into the expense calculations, so whether it's 2 houses or 50 your time per week is zero.You also do some hand-wavey math when saying, in example one, you could cover the rent for all six houses without it being an issue, but in example two covering the rent for only four (1/3 of 12) would dip into your (greater than example one's) profit.

Making better decisions going in and really doing your homework, make for a better overall experience.  

First timer here, so bear with me if my math/logic is flawed.

You might have a bit more homework to do on the drains. 

@Ronnie Gilmer make sure you do your math before.