That's just a rule of thumb for a quick calculation.Flipping is could be cost intensive and then bring tax liability when done as a one off, for instance if you did 1 per year maybe it's not worth it. 

Brand Turner, David Greene, J Scott, they all say don't pay for that stuff if they give it to you free from the comfort of your own laptop. 

Milwaukee has the largest number of duplxes of any city in the US to my best knowledge. 5% down get's you out from paying rent and you also learn the ropes in a really-hard-to-screw-up setting. 

They are tired of paying usuary and having people without any experience structuring deals.

I say were because 1 of them moved in a new boyfriend who has a full time job and they now they pay without the assistance.No issues with either of them so far.

Ask him to walk you thru Caye Caulker and tell you about it.On another day rent a golf cart pay him for the day.

I would NOT be taking ANY pay for these, just doing them.

Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.

That $108k is both what you need to pay your own salary with AND the mortgage payment if there is one.

And they’re still a garbage investment as 10 years from now they’ll be worth a few grand less than what you’re paying today.