Make sure that you factor a property manager in your return calculations so that it requires the least involvement on your part.

It is more of a factor of getting lucky with the market timings now that I think about it :DYea, I will look into investing in like a duplex with a $40k warchest

Yes, you need to show bank statements (or some other financial institution like a brokerage account) showing sufficient cash reserves. 401K accounts can be used, too, though there is a discount factor to account for taxes and penalties.

Warren was on CNBC this morning saying that the US stopped growing six weeks ago.

Your ability to buy soon depends on a lot of factors.

Hopefully he factored that in.

Based on the rents of $550 per month and a 25% factor (maybe high) for management, vacancy, etc., and a cap rate of 10%, I come out with a fully loaded ARV of $396K which seems absurd considering the neighborhood and the other apartments in the area.

How often do you adjust your insurance based on these factors, annually?

The Bureau’s Chief, Richard Cordray, says he is carefully weighing all factors that may undermine the housing recovery by making it more difficult for consumers to obtain credit.

Especially on your first few flips.)Oh, and don't forget to factor in holding costs and the cost of financing.