So the total you would be making from the property would be $180/month.

Building on what Wheatie said, using your more specific financing assumptions ($5K down, 6.3%, 30 years), along with the 50% rule, you get the following:Gross rent: $470Expense percent: 50%Expenses: $235NOI:$235Payment: $209Cash flow: $31+/monthSo, that's $369/year cash flow, which at least is positive in terms of pure cash flow, but let's calculate the returns:Cash-on-Cash: $369/$5000 = 7.38%Total Return (w/equity accrual) = 15.04%So, not a great return, but maybe not as bad as was originally portrayed; keep in mind that this doesn't include closing costs, which would reduce your return by a percent or two).

I've been bird dogging for 3 years now and have found good investment properties ranging from total rehab to commercial.

Wheatie, one of the ideas I still have a tough time with (as it relates to the 50% rule) is how to adjust projected operating expenses for high property taxes.For example, there is a two family house that rents out for 1k p/m, total (12k p/y).

And it looks like yours are coming in at less than 25%.Some questions:- Is the 10% vacancy the total income loss?

I have a buyer interested in income properties 10mil + and I am totally new to the wholesaling game.

It is not just loan to value, it is the second loan to the first loan and total loan.

What's your total cost and the rent for each.

Altogether, that's $22.5K total in cash needed.

Are you saying the first is $80K, or is that the total of both loans?