That is a pretty small town, assuming it is a good deal which I'm not totally convinced that it is, you might put in some calls to the buyers or buyer's agents of other rental properties in the area or even ones that have recently been listed for rent.

I was able to secure 35% of the total equity ONLY.

Best bet: Call each property and inquire about the rents. 

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make. 

Jimmy Domer - as Joshua Wright mentioned, the total exchange timeframe is 180 calendar days.

Hello BP, I have worked my way through online excel courses (there are a few courses in total) for excel through Coursera for free.

Total Insurance Estimate $ 262.50 Current rent $ 800.00 $ 9,600.00 $ 10.40       $ 21.88 Less: vacancy allowance - 10% $ 40.00 $ 480.00         Net Rental Income $ 760.00 $ 9,120.00   Property Taxes 2.5264% $ 505.28 Plus: Other Income $ - $ -         Total Income $ 760.00 $ 9,120.00 $ 9.88                 EXPENSES         Property Management $ - $ -         Repairs & Maintenance $ 100.00 $ 1,200.00         HOA $ 250.00 $ 3,000.00         Advertising & Legal         Insurance $ 167.00 $ 2,004.00 $ 2.17         Total Expenses $ 517.00 $ 6,204.00 $ 6.72                 Net Operating Income (NOI) $ 243.00 $ 2,916.00                 Less Debt Service (PI) $155.06 $ 1,860.72 $ 2.02         Less Property Taxes $ 42.11 $ -                 Net Cashflow $ 45.83 $ 1,055.28                 Operating Expense Ratio 68.0% (Total Expenses/Total Income)               MORTGAGE INFO         Total Loan Amount $ 20,000         Type of Loan Seller Financed         Term (Months) 240         Interest Rate .07         Down Payment $ 2,000 10.00%         Monthly Payment (PITI) $155.06                 Purchase Price $ 75,000         Closing costs $ 3,000         Rehab $ 7,000         Total initial investment $ 85,000                 LTV 27% Loan Amount/Purchase Price         Cap Rate 4% Annual NOI/Price         Cash-on-Cash Return 146% Annual before-tax cash flow (i.e., NOI)/Down payment    

You can make very high returns flipping houses but it takes a lot of time and learning.I generally find that investments I do personally have higher returns because I have total control and no one else is participating in the profits.

I bet the homeless guys that pan handle on all the corners around here would jump all over that for $5/sign

Parys booked a three day weekend into the unit and everything seemed fine, she was in the area trying to find a long term place and wanted to experience the area, not totally unusual.On the second day she sent a message through the platform asking to extend for a full two weeks, which, ok, nice!