Its not even fully operational yet.Basically its has to do with Sports and Music.

But I still need to get lump sums of cash coming in to cover operating expenses, repair costs, overhead etc.. and the best way to get these lump sums is through quick flips, assignments, back to back closings etc...

In the United States, operating expenses typically run about 45% to 50% of the gross rents.

There are ways to use IRA money to set up an operating business (vs. an investment business.)

You missed a BUNCH of the expenses, such as vacancies, management (even if you do it yourself), advertising, utilities (at least during vacancies), legal fees, evictions, capital expenses (not technically an operating expense), etc.

This is not the kind of business you want to operate on a shoestring.

I'd like to add that there are virtually (0) zero stated income loans available.

Dan Inc,My name is Matthew Hanna and I am the Customer Operations Manager for Click2Mail.

Originally posted by Michael Rossi:Here is how I see this deal: Gross rents: $2,500 per month Operating Expenses: $1,250 per month NOI: $1,250 per month Mortgage ($215K with rehab, 30 yr, 7%): $1,430 per month Cash flow: $180 LOSS per month (OUCH!)

Finally, you could work as a buyer's agent or virtual assistant to one or more agents.