I'm very eager to get the ball rolling here and I know once I start & gain some momentum i'll be able to raech my goal.

I'm very eager to get the ball rolling here and I know once I start & gain some momentum i'll be able to reach my goal.

If the buyer meets those qualifications I'd keep moving the ball down the field. 

It is a completely different ball game here.  

@Charlene Isoh- Reroof $8000- Paint Throughout including kitchen cabinets $2000- redo floors (as needed) $2000- appliances $1200- new fixtures throughout - $1000- +10% for contingency $1420$15620 very ball park.  

Closing costs are based on 2.15% for a VA loan with no money down.So if I'm doing this correctly the seller would have to accept my seriously low ball offer on their property for me to make any sort of decent cash flow, correct?  

I feel that the Wasatch Front provides a very strong market outlook, but nobody has a crystal ball.

Once you hit the 5 unit mark, it's a new ball game with a different set of rules.

I'm new to deal analysis so I wanted to give this one a try and see if I'm at least in the right ball park for analyzing dealsPurchase price - $587kYearly gross income - $42,461 (though for current listed rents it would be $60k)Yearly Expenses (50% rule) - $21,230 ($30k w/ listed rent rates)pro forma expenses - $24,700Insurance - $2,400Taxes - $12,000Maint / CapEx - $6,300 (15% of rent)Utilities (snow/lawn/water/sewer) - $4,000NOI (50% rule) - $21,230NOI (pro forma) - $17,761 P&I w/ 10%down - $30,000 ($2,500/month)Obviously this is a negative cash flow w/ a low DP mortgage, so this house isn't worth it to me. 

Aside from my own "education" either on the radio for my commutes or explorations on the forums and blog posts, I would eventually like to participate in local investing groups to keep the "ball rolling."