When starting a DM campaign, it could takes a few touches since its a form of re-prospecting monthly. ...You are right on both counts.

So it'd be like $32k downpayment, but minus $20k credit (plus fees, but let's count those out for simple math) means that I'd pay $12k down to the mortgage company and have the extra $20k for the cost of the new roof.

Keep in mind, though, in my market and strategy I'm not counting on positive cash flow to make my profits, it is more like an insurance policy so I can afford to hold it through thick and thin if I need or choose to.

Quibbling with GOI - - it's normally call GSI, Gross Scheduled Income :grin:Nicely done, and taxes are a per state issue - - here in Calif, we have Proposition 13 which forces the tax assessment to be 1% of the purchases price.If you can gain access to the Count Tax Assessor's website, you can normally see the assessed value and the taxes it generates.

Long story short, not for me as it will defeat my purpose.

The property should have positive cash flow of ~$12,300 / year (not counting any paper loss - but I calculated this at $1,300 for year one). 

Zestimates have always been worthless so I count this as a good thing.

Stop counting pennies, with all due respect.

I also count principle pay-down.  

That will cover your costs (not counting closing costs, and cost overruns on your rehab)...which as @Marshall Downs stated...makes this deal a little...I'm going to say "really" thin.2 - Minimum Loan...usually $50k, but that number has been creeping up as high as $60-75k.