(There are actually three entirely different sets of wonky calculations, depending on the exact situation, that I will not bore you with.)What you need to know, however, is that if [rent * 75% - PITI] works and yields a positive number, and if the home actually makes money, and if you haven't lied on your tax returns, then the wonky calculations that we do will not throw you off - and in all likelihood will actually improve your DTI.

In order for any job to be successful, you will need to balance scope/quality, time, and money, you cannot get the three but you can get two at a time.

Here's how.1 - Buy/rehab a house for $50k...sell for $75k2 - Bank the $25k profit3 - Do #1 again4 - Do #2 again5 - Combine profits from #'2 2 and 4, the original $50, and....6 - Buy/rehab 2 properties and the same time7 - Take profits (2) from #6, combine, and...8 - Buy/rehab 3 properties at the same time.9 - Now, execute a combination of flips and holds (refi's...use partners with credit if needed), three properties at a time until,...                 ...your arm gets tired.

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you never mentioned a niche of interest, I added three of the most popular ones for your review and selection.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 aWelcome to the vibrant BP community.

We bought it in 2010 for 200K with a 30 years loan, three years ago we decided to refinance with a 15 years loan.

Another great tool for comps in Denver is renav.com, subscription based but comps are free - scroll to the bottom of the page, enter an address an click comps.

Would it be hard to rent out a three bedroom with basement and yard?  

I bought a three unit apartment building in Andersonville (north side of Chicago) for 145,000 back in 1996. 

Three Family Victorian (Total 8 BR/ 4 BA) - Monmouth CountyI would appreciate any recommendations.

I asked her how many properties she owned and she said, "I own three properties, the house I lived in, one rental, and a vacant house in the boonies somewhere in Ohio.How long have you owned the rental?