@Michael MorenoAccording to your fact set you are running a deficit right now burning cash/depleting your reserves even before making the additional principal payment.  

I feel with my Engineering and MBA background, this is something that really suits my skill-set and something I can sink my teeth into.

I use the phone call to figure out how motivated the seller is and the general condition of the house, and what their asking price is if they have one in mind.But the main thing I want to do in that initial call is set an appointment to meet the seller.

I have court date set up with the District Attorneys Office and once the investigators know what he has done from the onset he lied to me it will not go well for him.

I'm putting "raised rates" in quotes because the Fed only sets one rate, the overnight lender-of-last-resort rate for SHORT term inter-bank debt.

Just that they agreed to rent a room from you for a set amount of money.

BENEFITS1.Super easy to useI had no problem setting up the first two applications with smart move.

Property managers brings a skill set to the table that you would not have time to deal with.

the numbers are as follows:purchase price: $ 25,000rehab costs:      $   5000closing costs     $   3000ARV                   $ 60,000 ( professional appraisal)projected profit              $32,000I have purchased several houses in this city and currently own 2 right in this neighborhood, in fact, one right on this same street. the code enforcement officer in this city and i are literally on a first name basis and he has never, ever set foot inside any of my rehab projects because, in his words, " i trust your work". i feel greatly confident in my knowledge of this neighborhood and its ability to sell quickly. 

I can tell you what people here have done to set themselves up for retirement.