See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.

Some guys were handymen who helped me on the next fixer-upper or maintenance or building a new shed or fence etc.

Ok update on this one I posted this deal in another forum and groups for help and i am getting the feedback that my underwriting is waaaay off for reference here is the property https://www.redfin.com/IL/Chicago/1541-W-Barry-Ave-60657/home/13365509here was my underwriting of it https://docs.google.com/spreadsheets/d/1XM_-mcdFU_glqV_lH961nBKDleFdSfhIrnBV9J7c7H0/edit#gid=1398361879The feedback that I got was the following - My capex and maintenance were wrong.

A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.

Great thing about Bigger Pockets is you can network and find in any state a great property, seasoned agent, Banker for financing, Wholesaler, GC, handyman/property maintenance to make it all happen.

Hi Kim, Most traditional investor loans will require a minimal of 15-20% down payment. 

Securing financing for flipping projects specially for beginners can be challenging but if you do the work required, it'll be a rewarding journey.

Because state laws vary widely, my first thought is to talk with a title insurance underwriter in your state to see the requirements for insurable title on a tax deed.Quiet title may not happen "automatically".

A checklist helps you cover all necessary details, while a capex estimator helps you evaluate potential repair and maintenance costs.

A RESULT of current market revenue viability, maintenance and cap-x standings, operational expense's.