We all have basic needs, wants, desires and expectations that include fear.

You can get some really affordable liens here, but they are generally the less desirable properties. 

As a sponsor, your decision is based on your availability of capital and the desires of your investor base. 

I also desire diversity among the REITS themselves (some domestic, some foreign).

I also work a 9 to 5 that I have no desire quitting with the intention of diving head first into real estate.

I might offer to mentor him once I get some more background info on him and understand his true needs and most of all desires......

Jason, I respect you desire to get into real estate, but feel you may want to focus on saving for the unexpected first.  

I will hold properties that I think have good appreciation potential and sell the ones that are not as desireable.

I've tried using the following formula: MAO = [ARV] – [Flipper’s Profit] – [Repair Costs] – [Fixed Costs] – [Wholesale Fee], however my calculations are much different than what the calculator calculates as the rental owners purchase price.Here are the numbers that I'm using:After Repair Value = $150,000Desired Wholesale Profit = $5,000Cash Buyer's Desired Cash on Cash Return = 12%Loan Amount = $100,000Loan Interest Rate = 5%Amortized = 30 yearsPurchase Closing Cost = $3,500Total Gross Monthly Rent = $1,800Other Monthly Income = $50Property Taxes = $1,350Monthly Insurance = $45Vacancy Rate = 8%Repairs = 8%Cap Ex = 5%Property Mgmt = 10%So based on these numbers I'm calculating $150,000 - $18,000 (12% COC) - $25,000 - (not sure what's considered fixed cost) - $5,000 = $102,000 but the calculators states that my MAO is $124,767.84. 

I also have no desire to provide student housing.