And rerun your numbers starting with ARV and start subtracting rehab costs, selling costs, and your profit and find out what the most you can pay for it is. if you want to keep it as a rental find out what your monthly payments will be, as well as market rents are in the area and see if it makes sense.Good luck.

Yes we will make $80 but subtract the holding/hard money costs and you have not much.

Then you would subtract the depreciation expense which will depend on the method you take to depreciate your property...

I'm looking back at what our profit will be after subtracting realtor costs, the money we put into renovations, etc...

Then subtract your expenses from the remainder income.

This should help you determine whether you are satisfied with the resulting cash flow after you subtract mortgage, maintenance, etc..As for finding tenants, you can put up posts on Craigslist before you even purchase the multi unit properties and collect as many possible tenants.

A couple may ask "will you sell on a lease purchase" (hey, I do that too), a couple others will subtract 35% from your asking price hoping you'll drop to "hard money" lender levels so they can make an offer.

You can think of your equity as what's left over after subtracting the home's value by the amount of loan you have against the house.

@Kerry Baird so it would essentially subtract any remaining portion of the HELOC from the cash out?

Subtract the debt that you own from the current value, you will find your equity.