Here are the numbers:ARV: $35,000Purchase $22,000 - $660(commission) = $21,340Repairs - $7,000 conservative; $10,000 budgetRent - $6,600 (conservative)Taxes - $307Insurance - $186Vacancy - $132HOA - $1,620Maintenance - $600 (warranty + service calls)PM - $660 (although I intend to manage myself)Mortgage - paying cash, then refi with a HELOC - $1,224Thank you in advance for your words of wisdom.

I would do that before I would spend countless hours hunting around on the internet trying to learn you don't know the validity of those on the internet anymore than you do the guru's they could be one in the same.But like on said most of the info is in the written material and CDs jump on one of those on line buying sites like  e bay or amazon and buy a used Carleton sheets course.. a used Montalongo course or any other guru you can think of.. probably get the whole thing for 50 bucks plus shipping then read all that info... if your worried about spending too much.Also sign up and get a RE license if you really want to learn and get into the industry.

Read a few posts but didn't see anything regarding warranty on appliances.  

I'd say public admission of drug use and general "poor character" should be a valid reason to deny.

They said that they wouldn't be able to close because they didn't have a valid license in Texas to make home loans!

You have an extremely valid point.

I will definitely ask about a transferable warranty.

Looks like the guy (my potential seller) executed a Warranty Deed to someone back in '09.

Definitely talk to your lawyer to make sure the letter is valid/acceptable in your state.

I think I should terminate a m2m lease for one of my units because I keep getting (valid/serious) complaints about them.