Nothing too fancy, but you can plug in your numbers and I think it gives a pretty good indication of where you're headed.

Here are the variables I plugged in:400k purchase @ 5% down with 4% interest over 30 yearstaxes = $2000/yrIns  $1500/yrRepairs = $1500 /yrPMI = 2470/yr (it drops off at around year 9 with 5% down)Rent = $2500/mo (once you move out after 2 years)You're self-managing to save money.The yellow cells w/ zero represent the years that you're living in the property.

I'll keep plugging though!

@Eli Sunderland When I am thinking about rents, I always go to rentometer.com and plug in the zip code of the place I am trying to rent out.

Be sure to plug into your local BP community through meet ups and investment groups.

Thank you for the plug @William Joseph.

I'm looking for advice on how to leverage my equity and how to get plugged in to the markets in that area.

I know improvements might be slow though because 123k deposit would seriously kick my butt.  

(unwarranted condo so fannie/Freddie wont touch it) Was a pain in the butt to find a lender that would work with me but I made it happen. my 3rd one.

We are long term buy, rehab and hold investors and are just plugging away buying when cash flow allows and after a few years its about two properties a year and the ball is really starting to roll.Our two cents