Now my first 48% in returns is just going to get me back to break-even!  

My goal is to be financially free and break away from the chains of the daily grind so I can have a better quality of life.

It has a pretty broad range of things it breaks neighborhoods down by.

It was listed at 169,000 and we got it under contract for 157250 with 3,000 back for closing.It's a 3 BR, 2 BR single family w/ a partially finished basement.One of my exit strategies since I must live in home for 5 years in order to not have to repay the 20,000 grant - is to rent out then3 brs up stairs with private bathroom, and full house access for 1,000.I test posted an ad on Craigslist as was getting 1 person a day interested in it.I would live in furnished basement and after 5 years and 20,000-30,000 of mortgage paid down by the renters - hopefully sell for the market value or hold for my rental portfolio I am starting.It was hard to use the calculators for this because I was renting and living but I calculated 1400 expenses including 5capex   5% vacancy full landlord utilities and all that jazz.Seems like it would still cash flow $100 if you could rent it out for 1600-and break even for 1500.But I was more or less thinking of getting some instant squirt to pull out later in 5 years after sale or just in general to use for more deals.Also wholesalers in Rhode Island I am looking for you.

PLEEESE give me a break..

Any body by chance know?

Let’s break it down: you say “Character”, I say “High Maintenance”!

Santa Fe is a tough market to break into.

Lastly you don't fix any toilets when they break, you're their bank not their landlord. 5) what kind of return should I roughly expect?

I figure soft costs; cost to purchase, holdings costs, financing costs, cost of resale come to about 15% So that means all in at $425K is break even.