I am about to enter another phase in my life.

@Carlos Ortiz Have a joyful, health and very prosperous 2014 and thereafter.

So your $800 would over the life of the rental be closer to $400, $480 if you will be self managing (40% not 50%).Back of the envelope analysis shows you making a net operating income of $5760 for the year if you self manage, a 13.7% ROI if you spent your $35k doing repairs.Learning these quick guidelines for analysis is a good idea to qualify or disqualify a potential property.

I think I'll hold onto the job I have now and let my stock and 401k grow and continue wholesaling on the side and work my way to a point in my life where I can start making bigger deals that are more profitable!

I personally would start building an overfunded whole life policy that will pay dividends with 4-6% IRR.

Thanks joshua dorkin, jason fraser, joe fairless, brandon turner, mehran kamari and mark ferguson. i have been reviewing numerous blogs, reading articles and listen to the podcast when i go running from this great site. i believe Bp will be the catalyst to finally change my life to being financially better.

There is some situation in their life that is creating motivation (health issues, financial problems, job loss, death in the family, divorce, etc.) that results in the desire to sell their house quickly for cash without making repairs...

I was out for about a year from late 2009 due to health reasons.

Not really a valid approach unless you're doing it with a very very significant other or a friend you trust your life with.With regards to the second idea, I believe you'd have to refinance out of the FHA loan in order to do this, which more than likely would require money out of pocket to get the new financing to a 80% LTV unless you've added significant value to the property.

health reasons.