I did early on with a few deals and got destroyed similar to how you just did about everything I hadn't taken into account and how bad of a deal it was.

I concur, most realtors wont help.

What most folks miss is you wont get rich form cash flow rentals.

Having no knowledge and no experience wont get you much results.

I wont criticize the tiny house concept.

It wont let you share links on forums! 

You wont find anything in silicon valley that cashflows positive.

You need to be able to go to your properties on a daily basis to make sure the tenants aren't destroying them.

The builders risk is also a fully earned premium, so that means if you get the rehab done in just a couple of months and you want to switch to the standard landlord type policy, that's great, but you wont get refund of any of the premium you paid.

i would have been jumping up and down at 68k, but it's ok, the numbers still work. as i have said it before, everything happens for a reason and my short RE history has proven that statement many times.the house is 1400+ sq ft, located in westland, close to garden city, dearborn heights, livonia, canton (tagging lol). it has 3 beds upstairs, and an additional add-on family room with a fireplace. that family room is worth the 10k they asked for. if it didn't have it, i would not have gotten it.rent will be around $1,250 per month. that area of westland might not be able to get me much more than that, regardless of the condition/sq. footage.taxes - around 3kinsurance - around 500 per yearpurchase price - 80k, 20 yr , 5 yr baloon at 4.95%repairs will be around 15k, i hope. i updated one IDENTICAL, 1 street away and it was 22k, but that had roof, exterior, and a lot of bad contractors to deal with.i am still wrapping up #21 and working on #22, so we wont start on this for at least another month. but i am happy that i am just 1 month away. just 3 weeks ago, i was 4-5 months behind in the work i had.what else?