This is actually a real piece of property near me so the numbers are accurate to that particular property.

@Steven BurrowsWelcome.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Brian, I look back now and realize that what I said wasn't necessarily accurate...

Credit bureaus have an agreement with subscribers not to delete accurate data.

That may not be an accurate memory, but I wanted to be sure I asked everyone here before I finalize the loan terms.Hope that makes sense and sorry for the confusion.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Good LuckPaul

I work for the sanitation department and I've always admired houses for sale in my area (recently I have been guessing the prices of houses for sale while working, and then going home and researching to see how accurate I was).

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.Good LuckPaul

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

It sounds like you've found a good deal (especially if you get a lender that will lend you the rehab $'s too or do interest only).For my 5 SFR's the only expenses I have are taxes, insurance, property management (on some, usually 0% of rent), and I throw $50/month for Misc (this number average out over 3 years has proved quite accurate for SFR's under $100k).My personal minimum would be $100/month cash flow or I walk.