This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.

Curious, how do you find is the most productive way to find good wholesale properties (leads) which have enough equity to allow for you to do your program of getting rehab estimates then whoelsale?

Looking forward to chatting with you.

I am a student of the Short Sales Magic Program with Tom Butler in Pre-Forclosures.

We're interested in doing some things in Tulsa, is there a time next week when I could give you a call and chat for 5 minutes about the market down there?

Looking forward to chatting with you.

I am compling info and he is laying it out/programming.

If I purchase a home with the FHA program and I am not going to be living in that residence, is it possible to purchase the home that I do plan on living in with FHA.

Do your initial research online then drive into the town and start chatting with convenience store clerks about the area.

Does anyone know of a program where we could trade real estate books back and forth?