I have no idea and I'm looking everywhere online now...Does anyone have a concrete answer whether I can roll some closing costs into my FHA 203k rehab loan?

It was fairly graded, but my thought was looking at listings and seeing a lot of what I'm looking for in LA going for around $400 sq/f, totaling roughly a million...

Every now and then they have another guide we can read for free to get some concepts down.Personally, I've read many books, listened to tapes and cd's, attended seminars, and webinars, and even had a license for several years.I think of 2-3 online YouTube mentors that I really liked and think you might want to start there Steph Davis and wholesaling, Phil Pustejovsky on Creative finance, and Ron LeGrand for Owner Finance, Lease Options, Subject to, of Pretty Houses!

Units 1 and 2 rented for a total of 1400 a month.  

Are there places to get some initial numbers online maybe without that heavy due diligence just as a way to practice analysis?  

He is looking to buy or assume the existing loans for a total of 5-8 different spaces.

I would also pay for their debt for the next 5 yrs (60 months, or even sooner). 2. 220k x 20%= 44k (I will put the money in 3 months after the first purchase, most banks require to have funds in your account for 90 days)tenants pay: 1200 x 4= $4800 mortgage: 1055 (tax, PMI, ext included)water: 170cap x: 200property mgn: 288loan payment: 528 (loan for 30k to the institution)loan payment: 833 (loan for 30k to someone for 12 mons, totaling 10k)Profit: 1726 mon. (20,712 per yr)I would repeat number 2 for property 3 and 4.

So, the deal sponsor has 5% ($50/$950) of the 70% = 3.5% plus the deal sponsor's 30% = 33.5% total ownership.  

Drawing equity as a beginner, maybe the simplest (And most cost-effective) approach.As your experience and network expands, you'll learn other financing optionsI'm sure there is a ton of info online (and on BP) about getting started flipping.

But, since my broker is totally against assignment contracts, my guess is I may have to find another broker.