Lately I have seen a number of posts from what I consider some of our most respected posters on the board using standard procedures to calculate returns.

Realize that each little problem is made much more exaggerated by the producers to create "drama".Realize that they often gloss over very important aspects like permits, extra costs of closing deals, etc.Otherwise, most are a reasonable facsimile of what rehabbing is like and they do point out some important pitfalls that many investors run into on a typical job.

My goal is to take these newly acquired skills and knack for working with my hands and expand on my rental property portfolio in a way that will allow me to keep turning the money over and buying more income producing property, I would also like to learn about and get into other avenues of investing i.e. flipping, wholesaling, or anything that will produce cash flow in shorter periods of time.

Now, how to get the needed comps, since you are unable to produce them yourself.

For examples, an lo can have an approval in the system technically but say the dti is over 50% it is up to the underwriter to assess the file to have compensating factors.Or say someone is out of Chapter 13 bankruptcy - the system will deny the file - but a lo following guideline procedures would submit the file manually for underwriter approval if he/she felt the loan qualified.Banks operate under a deskwriting underwriting system that tells the LO whether or not the loan is approved - this is how pre approvals are done.

But if you have a job that produces income and you're satisfied with it, there's no reason to trade it for a potentially risky new job.When you say you want to be full time in a few years, what do you mean?

problem with adding a booster pump on a well that has a weak pump or is low producing is you will cause the pump in the well to cavitate or short cycle .

Real estate is one of the only tangible, cash producing assets that you can finance and buy insurance on.Franklin

Banks have too much red tape and procedures they have to file before they sell.

Realtor has produced two offers in 3 months and one was $50K below asking.