he also has a pitbulll dog which is scary they only let him out in their backyard that liability is not includedi n the master policy maybe on his ho.  

I agree with @Sandra N. it all comes down to management!  

@Leo N.

I ran the numbers and would love some feedback on things that I am overlooking or mistakes that I made in my calculations.Here is the property listing: http://www.zillow.com/homes/for_sale/Provo-UT/1190...I did these numbers as if I was not living in the property, hence the two rents.2841 W 1680 N$184,000$6440 down (FHA loan)$177,560 mortgage with 3.8% interestExpensesMortgage: $827Taxes: $70Insurance: $50Vacancy: $75Repairs: $150 (old house)Total Utilities: $150Property Management: $150 (eventually)Capital Exp: $150 (old house)Total: $1662IncomeRent (upper level): $750Rent (bottom level): $750Total: $1500Cash flow: -$162It looks like I would have a negative cash flow so this isn't a deal.Although it might not be a deal, how are my calculations?

Just curious how everyone (agents) are doing this:for fix n flips or whole deals - do you run your deal through your brokerage?

Hi Sandra N.

Certainly you cannot expect to drop into a new industry and know it from day one {Something, I wish they would drive home in MBA programs}, but the underlaying financials of a successful real estate business mirror those of any other successful business - the product or service being delivered is different.When we (my partner and I) ventured into real estate, I was aghast by how many buy-n-hold real estate investors did not run their properties like a business (now it is just amusing).  

I have a two family n lynn 46 bulfinch st lynn ma , 6 rooms , 3 bath for 350,000

@William Howley  not sure about Tampa but I have been funding deals for 3 plus years in Orlando.the wholesale prices have risen 20 to 50% across the board.but rents have not risen 20 to 50% across the board.. ergo what was in that market is no more.I bought foreclosures also in ft. myers in 2011 and those just hit the 2% rule.what I see for N.

speculation [ˌspekyəˈlāSH(ə)n]NOUNthe forming of a theory or conjecture without firm evidence: There is plenty of evidence that supports appreciation rates and rent growth.