Hello all,I am newer to REI as well as BP and I'm close to looking at actually obtaining my first property.

The other friend I talked to actually works locally in housing and had similar observations.That said, this is a great market from what I can tell in the numbers I find.

NOI = $6,592Property tax $200Insurance $300 (This is not an exact quote but from reading expecting $200 - $300 -- Trying to stay conservative)HOA $540 (Although there was no HOA actually listed I went with similar neighborhoods HOA fees.)Maintenace $1,200 (The home looks updated so wasn't really sure how to estimate this.)3.CAP = .104.Cash Flow = $3,773.32This is based on a $51,920 @ 30 years @ 3.56%5.Cash on Hand Return29%If these numbers are a good indication of what to expect how do I do that thing where I get in with no money down?

Treating it like a business is a good mindset to have when starting as a realtor.I would get a base of knowledge of the contracts, take a packet home and actually read through the whole thing... know it front to back and upside down.After that, I would start getting a COI together, when I first started I did not do that, and I could only wonder how much business I would've done if I had.Highest and Best time -> Getting in front of Motivated Sellers and Buyers.

I actually was thinking about insurance this morning.

It's a beautiful house but any type of foundation works scares me, let alone one that feels sketch and has a $200k price tag  Sunil - This is actually a different house.

you could actually ask your closer, and she/he can tell you the cost breakdowns.

But if I was to suggest a actual number of units, min 50 plus, having said this its really up to the Numbers that the deal returns. 

Rented it for 1300 per mo (which is actually about $100 less than I should have asked for.

In general everyone seemed to have nothing but positive things to say, but nobody during my research on BP had actually purchased a property from OCF.