Investopedia explains that well:http://www.investopedia.com/articles/basics/07/prequalified-approved.asp

You will find resources here from blogs to pod casts and forums.

You will find a lot of interesting posts/forums on Bigger Pockets, as well as great articles.  

A goal of "my tenant(s) payment rent will cover my mortgage and property tax and being some extra cash each month if I can" is not a goal of cash flow, that's a goal of alternative savings, inflation hedging, or appreciation.Check around the site, there are thousands of posts and articles that will cover your question!

Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community.

Welcome to the forum/blog/social media/educational center :-)  Good things

Here's another article about the January 2016 sales in Memphis.For what it's worth, I just spent the day (Wed 2/10/16) driving around town looking at Class A and B properties with a CA hedge fund and was shocked by the lack of available inventory for sale.

Check under the "Education" tab and take a look at the blog posts, podcasts and the guides as well. 

Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookBy the way - here are my favorite articles on Wholesaling: 9 Reasons You Couldn't Find A Buyer For Your Wholesale Deal Don't Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper How to Start Wholesaling: Getting Past The Education and Into the FieldDownload BP’s newest book here some good due diligence in Chapter 10.