Makes your ad stand up and google likes extensions so your quality is also positively affected as well as the CTR.

When there is a need, these individuals are approached and asked if they are interested in the position.

The bottom line is they can't be trusted and we should not rely on them to make any positive "change" in our lives.

If you also buy at a good discount, you should be in a position to sell the house quickly or refinance if they did somehow exercise the due on sale.

. / median household income / median house price for this community, not the entire city.It is much more difficult to "flip" the house in today's market due to the lending crunch so buyers are fewer and further between.If you can get enough rent to positively cash flow the home, rent it for at least a year.

When I buy at a great price I do refi and take some of the equity out of the property to buy the next one, HOWEVER I make sure that the property I am taking the money out of still has positive cashflow after I take the money out of it and I also will not go over 80% LTV.

The serious, long term implications should be obvious: If you are a newbie and have little or no experience with the standard purchase agreement (not to mention any non-standard agreements), are you really in a position to bluff your way through?

No wonder you claim a positive cash flow - you're pretending a BUNCH of the expenses are ZERO!

Building on what Wheatie said, using your more specific financing assumptions ($5K down, 6.3%, 30 years), along with the 50% rule, you get the following:Gross rent: $470Expense percent: 50%Expenses: $235NOI:$235Payment: $209Cash flow: $31+/monthSo, that's $369/year cash flow, which at least is positive in terms of pure cash flow, but let's calculate the returns:Cash-on-Cash: $369/$5000 = 7.38%Total Return (w/equity accrual) = 15.04%So, not a great return, but maybe not as bad as was originally portrayed; keep in mind that this doesn't include closing costs, which would reduce your return by a percent or two).

I am changing strategy and position in less than two weeks.