My parents would like me to move out at some point and Im trying to accelerate my progress so that I can do so.

. • Easy access to cheap, private money • Reserves, but no working capital yet• A decent, steady income• A trusted family friend with an existing network and proven record in a good market.

Without further ado, here is what I’m looking at:IncomeGross Rent $900.00Vacancy Factor $54.00Net Rent $846.00Expenses"60% Rule" $540.00NOI $306.00Debt Servicing $262.61Net Income $43.39The constant variables for reference are: Association Fees: $220 and Property Taxes: $180.My goal to get to these numbers is a final purchase price of $65,000 after closing costs and am factoring $20,000 down @ 5.75% I’ve used 60% expenses rather than 50% to account for the Association Fees increasing, (they have been steady at about 6% per year for the past 5 years).

Either way, make progress payments based on the amount of work being done.

I asked the owner the progress of tenant search and said the tenant trashed the house badly so they are still doing repairs and it's not ready for showing yet.

Just like in LA and SF, if you are in it for the long haul, your chances are pretty good for success.In the short run, I think prices will hold steady and maybe have a small dip (10% or so?).

Definitely anything north of 56th street in that quadrant of the city is the path of progression, especially in the outer loop section between Carmel and Noblesville.

This will reach the mainland too (democratic aspirations are directly linked to economic progress; its hard to sever the two.)

With a certain amount of internal control, (the banks and property management companies), market fluctuations were not as likely to occur and the housing market would maintain a steady increase for the investors and of course the banks.

We are kind of in a slump and we're desperately trying to progress.