hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

I like the idea of investing near lougheed or the quay as well.

In my opinion, the best mentors might cost you lunch once in a while, not work for a consulting fee.Bigger Pockets is another good source to run ideas around.As for books, I think part of your education should be learning how to think differently.  

If someone tells you it's a good idea to rent it without doing all the math first they have no idea what they are talking about.

I'd love to chat more to get a better idea of what you are looking for (type of neighborhood, assets available, timeline, desired return..) as well as what why you are investing (buy/hold short or long term or rehab/flip).  

It's impossible to say without having a good idea of the rehab costs.

Is it good idea to install wood laminate flooring throughout rest of home except bathrooms, laundry and kitchen.  

@Louis Mannikko  if your 401k is a solo 401k that you control.. you may want to look at investing NOtes or with a HML.. this is a very good use for those funds.on the fix and flip you may want to consider partnering up.. just make sure whoever you partner with is vetted thourougly.. plenty of " my idea and your Money guys out there" you can go on amazon or E bay.Look for any of the guru's written material and videos you can get those for next to nothing. look through them there are usually nuggets in each one that you can use.you can also spend untold hours on BP asking questions and reading and listening to pod casts etc.. of course this is free and just depends on if you have the time for that.

Account Closed  this can all be done BUT its not DONE WITH NO MONEY.. you need money for gas. you need money to pay for your car note ( unless your car Is paid for) you need money for your cell phone. etc etc. who ever came up with the idea that you can make money with NO money I RE is just telling fairy tales. and its also very very market driven.

I haven't read anything about this yet and this could be a great idea.