Yes you need to take into consideration the cost of the home, the interest rate of the loan, the length of the loan and of course extra fees associated with closing.

The issue is that the management company keeps 50% of the rents and then the monthly association fees and property taxes take the rest of the income.

Wesley hit the nail on the head here.

i just received my notification in the mail that my real estate sales associate application was accepted.I take my state (florida) test next week and feel confident i'll pass, no problem. my problem is that i dont know what direction i should take. i want to work for a owner developer like KB homes but on their website is says "recent residential sales success preferred, however new Licensees with a proven successful sales or customer service background are welcomed" i dont have a strong sales background and my resume won’t have any sales experience highlighted at all. what should i do?

I just wrote a post in our blog about the MLS I thought you'd enjoy . . .The End of The National Association of Realtors’ MLS Monopoly?

Don't get in over your head, Chip.

If you know of anyone looking to fund deals for a nice return I would appreciate a heads up.

I think my head will soon explode from the info overload, but it's fascinating to me and at 31 y/o this is the first thing in my life that has grabbed me as what I really want to do with myself...If anyone has any usefull links for me to add to my collection, I'd really appreciate it!

You really should be a writer: I could picture what you wrote in my head.

If I were the broker I wouldn't allow any, after all the Realtor's Association Errors and Omissions insurance kicks in only on deals run through the house.