@Aaron Junck I usually use a 10% vacancy rate for all my cash flow calculations, although perhaps for an area like this I should use a higher number...

EMI calculator works on three main criterias – loan amount, tenor and the rate of interestHere’s the Formula whereE is EMIP is the Principal Loan Amountr is the rate of interest calculated on a monthly basisn is the tenor/duration of the loanEMI Calculator is very easy to use.

I think that using the equity in your home towards the down payment of another home is your best bet.

Also, forgot to mention, it's not just about the cashflow 50% rule calculation... it's also about the appreciation of the area.

Maybe I am misunderstanding the NPV calculation.

Can you run through the calculation for how much you paid out to one of them monthly?

Work out some numbers, calculate what your initial and monthly costs would be on your typical HML or private money loan, then you know what your costs are.

Obviously I still need to schedule a viewing to get in there with my contractor.I haven't used the deal analyzer to calculate other things like closing costs and listing fees, because I don't know how to calculate closing costs and then my sales costs, relisting, etc.

I will review these and make a calculated decision.

You won't get the same profit percentage you would if you did it yourself (100% vs 50% more or less depending on your negotiating skills) but if you have never done it before you run a much bigger risk of losing money on the project.I'd say your best bet is partnering with an experienced investor who is willing to help you out and not just wholesale it to someone who will suck out any profit you stand to make.