We never destroyed the places - the law then let the Navy just withhold our pay for any kind of damages like that - and we signed month leases that auto-renewed or quarterly at most.In a scenario like that, you might be able to find 4 guys willing to toss in 250 per and get a grand per unit.

Which has been minimal cash in the grand scheme of things and ends up in the turnover costs.Correct on the numbers.  

That would have given us up to 12 doors with a grand total of 1.2% down payments.

One of our guys uses this and likes it....)Several of our guys use Top Producer which is tailored to real estate (focused on agents of course) and really not that expensive ($85/mo) once you get to the level where you actually need a CRM.But honestly, one of our guys will do several hundred grand this year and they have no CRM.  

-I am estimating around 50 grand worth of stuff that would need to be fixed in this place. 

You'll basically be doing a shitton of work so a bank can make a lot of interest off a tenant you find and will probably lose a grand or two in the process.

Good stuff.I probably should have listed my goals so people could help me better.My goal is to build wealth through real estate so when I am in retirement age I won't have to worry about whether social security will be in existence or if my 401k is enough.And if I could make a couple grand a month along the way that would be great as well.

It doesn't need to be a grand slam.

If the lender makes a snit about the sub2, you can offer a couple grand to get a letter allowing the conveyance (not an assumption or guarantee, though).

That would give you a mortgage free house and put several hundred grand in your pocket.Happy investing!