I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish.

I just finished my 2nd home by FHA 203k loan and it was my 2nd home.

The first thing I’d like to do before I finish school (next year) is get my license.

The first thing I’d like to do before I finish school (next year) is get my license.

I would ask a local real estate agent for a CMA or you might even be able to go to your local county property appraiser website and check out the last few sales going back 365 days.

You can message me or contact me through my website if you need additional help.

I’ll start with Actual Cash Invested, then Cash Flow and finish with CCR.Actual Cash Invested = $17,800 Purchase price + $2,500 Closing costs (Realtor and Inspection) + $10,000 Initial Repairs = $30,300Gross Scheduled Rent = $700 Monthly Rent + $0 Other Income  * 12 Months = $8,400Annual Pre-Tax Cash Flow = $8,400 GSR - $0 Vacancy  -  $3,600 ($300 Operating Expenses  * 12)  - $1,666.50 Annual Debt Service (HELOC Interest only)  =  $3,133.50 ($261.12 per month)Cash-on-Cash Return = $3,133.50 / $30,300 * 100 = 10.34%These results using your numbers are respectable.  

Looks like they've finished digging out to create a basement; and are now extending the house in the back.  

I currently am at this stage and just finished my first rental property at the end of the year.

That time we renovated and finished a basement that just kept flooding no matter what we did (it was about half finished when we started).