Too expensive, IMHO:Price: $230,000Rent: $2,700Rehab: $0Down %: 0%Rate: 8.00%Term: 30Down Pmt: $0Total cash: $0Loan: $230,000Payment: $1,687.66Expense %: 50%Expense Amt: $1,350NOI: $1,350.00Cash flow, monthly: ($337.66)Cash flow, annual: ($4,051.90)CAP rate 7.04%Even if you manage it yourself for free (avoid about 14% of gross rents to a PM), its barely break even:Price: $230,000Rent: $2,700Rehab: $0Down %: 0%Rate: 8.00%Term: 30Down Pmt: $0Total cash: $0Loan: $230,000Payment: $1,687.66Expense %: 36%Expense Amt: $972NOI: $1,728.00Cash flow, monthly: $40.34Cash flow, annual: $484.10CAP rate 9.02%I guess it would be OK if you accept that you're not getting any money back (though you've put none in) and you're contributing your labor in exchange for the principle paydown from the tenants.

So, sorry for the long intro. but I hope to be able to learn a lot here and maybe even contribute (if i have anything to offer).Thanks!

However after 360 months of contributing around $40,000, I would still own a $260,000 investment that is still generating monthly income.

I look forward to contributing to the community in every way I can and getting to know each of you.

The money you gave to the entity is contributed to funds or you could treat it as a loan to the entity and then itbwould be income minus the interest expense.

If Jason were to "recommend" you his private lenders, who don't know you - they would at best turn into HML, if they chose to do business with you at all What you're asking is a bit of an oxymoron :)However, if both you and Jason hang out on Bigger Pockets until you both contribute over 10,000 meaningful posts, and say meet at a local REI club, and become friends - then he may turn into your private money lender source

I am completely new to real estate investing, and am hoping to get a good foundation of knowledge from the resources here at BiggerPockets so I can get started wholesaling in Gainesville.I look forward to getting to know everyone and contributing to the community...

If all you're doing is using the resources of the broker and not contributing to their bottom line then its not a win-win.

I still have a lot to learn but am ready to give it a shot.Thanks for everyone who contributes here, great resource!

Thanks for contributing to the subject.