A mentor can help you avoid typical problems and offer advice, support, and insights as you negotiate your initial transactions.Assemble a trustworthy group of experts to support you during the wholesaling and subject-to transactions process, such as real estate brokers, lawyers, contractors, and bankers.Real estate investment may be difficult, and tenacity and determination are frequently necessary for success.

Andrew - I think you've accounted for a majority of your costs, but just a few others to consider include: vacancy factor (typically 5%), turn/over or releasing expenses, and property management fees (7-10%)  - whether you pay someone else or do that yourself you might want to include in your calculation.

@Bob Stevens that will be 8-10% net after all monthly reserves for property taxes, insurance, any owner paid utilities, vacancy (5%), property management (10%), and maintenance (10%).

Mortgage, taxes, insurance, utilities if applicable (although this can be passed onto the tenants), etc.

So you’re going to have utilities, a year’s insurance, taxes, mortgage payments and then the rehab cost.

Although it was in good condition, we earmarked some funds for further improvements, including repaving the driveway, installing a new privacy fence, and making select upgrades and repairs inside the units.One of the standout features of this property is its prime location near the vibrant downtown area of Bryan, with easy access to restaurants and shopping, which added considerable value to our investment thesis.Initially, our plan was to utilize the duplex for Airbnb rentals.

Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.

Typically, when I'm buying, I do not pay for any of the closing costs, except for items which are pro-rated (I pay my share and the seller pays his) and I pay half of the title company's closing fee (which in Nevada, is about $300 per purchase I make).

The unit is zoned commercial, and I pay some of the utilities.

To answer your question more directly, I typically look at minimum 0.20% the value of the property for cash flow.