Really starts eating away at potential cash flow.I have an ongoing diary of the deal I am doing right now below.

I ran the first few deals past my wife and all I ever got was "Are we going to make money?"

I ran it for the town, and seperately for the school district, taking average price per sq ft x amount of sq ft of theses properties both come in, in excess of 140,000.Anyone have any insights on "required" fha apprasial methods for such a property?

Moreover, I ran into a startup that is working on a product for real estate agents assisting them managing better their online leads, contacting them instantly via live video and audio chat.

I may be jumping the gun a bit on going after projects, but it never hurts to fail!  

;-)I ran the deal through the BP calculator, based upon the expense you noted.I assumed a purchase price of $50k with $30k (worse case scenario) in repairs and a gross monthly rent of $850 + $475. 

If you are comfortable with the process, the area you are investing, the future of the area, the TK company, their process, the property management company and the on-going communication and service you are going to get, then starting off your real estate investing endeavors with a TK company is absolutely a viable way to get started.  

It has been ongoing for most of 2 months and I would get a hit here or there, but no bites. 

I recommend writing out your business plan which highlights your experience, and ongoing investment roadmap. 

I ran the numbers, and they look very favorable, rent is about $950, and that's about the range I want to stay in.