The difference in APR and interest rate increases as your rate goes down, but without doing some brain damaging math to figure out what the fees are that that make up that difference, this looks like a fairly reasonable quote.

Thanks everyone for the replies, Iooks like I have some homework to do. 

@Sam Shah Sorry, I'm lost on the math here. 

Full time investors know what questions to ask and what to look out for, they do their own homework and can analyze a deal 100%.

I am very interested in starting my real estate investing career, however, doing the math based on the sales prices and rents has me convinced it is going to be very difficult to find cashflowing properties in the area.

After a little more homework I've found the answer to be Yes!   

Yes, a lot of properties that wholesalers will offer are in rough areas, but it's up to you to do your homework and know the neighborhoods.

So there is that.Just make sure you vet the heck out of this, ask for references, and do your homework before getting into bed.Best of luck!

The readings are sent to them each month, they do the math, send it back to us, we transfer that cost to the resident. 

Most of my homework is done through the mls.