I'm basically a terms investor.

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

Basically I want to purchase notes for myself, rather than brokering them off to another investor.

How often do you guys have the seller get fired up that you are selling the property basically for more than what you bought it for.How do you handle situations like this.I am also wondering how often you get the hard money lenders to pay for the assignment fee, and how often the end buyer pays it upfront.Also, what percent of your assignment fee generally goes to taxes?

Hi,I am a nursing student who is basically done with nursing, I used to have a passion for the profession but other life priorities have taken over and now I consider myself a business person.

Most callers just want to know the basic facts, rent, deposit, beds, baths, etc.

My offer was 45k below what they were asking.So basically get out there and start making some offers.... things will start to happen.

If I'm wrong in my query, please help me understand how this is a "violation" of anything as I am still a ROOKIE and still learning the basics of marketing. 8) Thanks for the reply BB and PLEASE keep them coming...

Basically, I put up the money and they have done all the work.

If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.