On a side note, @Brandon Turner uses a different version of the BRRRR Calc on the following YouTube video I referenced when learning to navigate the calc.

Make sure to follow all the precautions you would for a long term renter.

If you can spend more time, more money and get massive results then you should follow these.Create a website must be PROFESSIONAL have a blog and get someone to write for you add at least 2 posts a monthBrand yourself or your company and give some value it could be FREE EBOOK, VIDEO ADVICE, TIPS, or anythingReach to people as much as possible (STOP THINKING ABOUT LEADS FOR A WHILE) connect with more people show your interest share valuable stuff.Try to use Facebook, twitter, instagram, as well as linkedin gain good number of followers and audience share interesting thingsBuild an email list within your niche that could help you to connect with more business people and investors who trust you.

I will follow up with them after purchase and ask to have an inspector come out to examine property with us.

I would prefer flips and/or rentals, as this is the niche I have decided to follow at this time.

I've bought a couple deals from wholesalers, and it works out, but when I see the assignment fee that I'm paying, it just makes sense that I should go out and find my own deals--I'll have way more equity and my portfolio will be way healthier in terms of profitability and equity.There's a lot that goes into finding one's own deals--marketing for the leads, following up with the leads, getting them under contract. 

I am working on a mock real estate development project submission, and I am looking for some general rules of thumb on how best to estimate the following:1.  

However, we did brainstorm the following offer scenario:Owner-financed at $140k @ 5% APR with 3% down, plus $10k rehab (so ~$15k out of pocket) based on the assumption (and negotiating angle) that it would have to be switched back to a 3-family (and therefore we only counted 3-family rents).

Inherited a similar property myself last month, I'll be following this thread.

I haven't posted here in awhile but am following this thread.Will post soon..