I run theNumbers in my head and decide if a property is worthy of further analysis by the margin.I keep details on which neighborhood has which ratios and If I find an area with good ratios I dig further and try to isolate that micro market.

Just a heads up, this is something a bookkeeper or an accountant would do for bank accounts and credit cards to make sure everything ties out.

I was in way over my head and as a result I racked up a bunch of 30 day mortgage late payments. 

Hey Keith,For an SFR LTC deal such as this, I would consider providing the following (in no particular order):AddressPurchase price / renovation cost estimates / ARV or pro forma CAP rateDeal structuring (equity vs loan proceeds)Projected rehab timeframeBeginning date of project (day escrow closes) Projected exit date (expected sale date) Surrounding comps to justify purchase & sale priceEquity distribution project structuring (will returns be a fixed % for GP & LP(s), or is there a waterfall equity return model based upon varying levels of success) Expected ROI distribution date (After exit, and if profits, when can investors expect to get paid)Those are just top of my head, you may not need everything in there depending upon the investors you're looking to approach this deal with.

I'm sure this is really basic but I can't seem to wrap my head around it.

Anyone that dares claiming DMM works, needs to have their heads examined.Before you complain and fight with this statement, answer this single question BEFORE you dispute my claim.If I gave you a field of airplanes, 1000's of them and told you that only 3% would reach your destination, and the rest will crash and burn.

I feel like in the coming months, there may be some really great deals to be had, so I'm going to keep analyzing, keep saving, keep networking and hopefully I can kick this analysis paralysis in the head and be a rental property owner in 2020!

That is the sale price minus the $30k equity down payment but I am having trouble wrapping my head around it.Can someone help me understand the lender paying out $125k and giving me a mortgage for $95k?

That is the sale price minus the $30k equity down payment but I am having trouble wrapping my head around it.Can someone help me understand the lender paying out $125k and giving me a mortgage for $95k?

That is the sale price minus the $30k equity down payment but I am having trouble wrapping my head around it.Can someone help me understand the lender paying out $125k and giving me a mortgage for $95k?