Yes it affects your short term cash flow, but averaged out over the long run (decades) gets you a more realistic view of what your actual cash flow looks like.And what would you expect to net after fees if you were to sell these properties?

Thanks U don't hire realtors to do this work.. no sure why you did..Realtors are not going to chase down every little receipt etc.. what you expecting performance wise is simply not realistic especially for such a small amount of money. the Realtor to be fair should have told you she cant help you with this.

Ultimately, financing is based on realistic historic numbers and bank use historic numbers as well so proforma numbers are relatively useless when trying to do a valuation.

But if they have a great property under contract with good margins and realistic underwriting, even a beginner will be able to find money to fund that deal.

That seems very realistic, you should be able to build it into that.

I'm not doom and gloom on the twin cities as some other investors I know are, and will continue to invest my money here, but I can't realistically advocate for others to do the same without an unfair advantage, as you stated in your post.

This is going to be a very tough scenario, I suggest you stop putting money into this deal until you get things sorted on the financing side.I would also be very careful with and sketical about any offers for 100% financing... it will not happen, they are lying 99.99999999999999% of the time.The only realistic way would be for you to find a private investor to come up with the down payment for the mortgage but a down payment will be needed.90% LTC is theoretically possible through a flip loan but in order to reach that level you would need to have a lot of completed projects under your belt over 2 years.20% is possible but with 25% you would have a lot more options.That is part of the issue with this transaction...The other issue is with HOW MANY loans you are seeking...This is not 1 loan because this is not 1 deal...You need 3 loans because you are doing 3 separate transactions at the same time with the same seller.Blanket loans do exist but they are not widely available.Each folio number is a separate deal...

Through reading and trying to participate in the forums, I am able to create a more realistic plan, budget, and mindset of how to get started in real estate investing.

But the barrier to executing it is high since you realistically need a high amount of cash on hand.

Advertising, marketing, and mileage add up but realistically the only thing you need to do is spend gobs of time belly-to-belly talking to people, handing out your card one at a time as fast as you can, and listening for opportunities to help people.