The relative was constantly late with the rent, so my father in his less than infinite wisdom let them pay the mortgage directly to the bank, being that it was the same amount as their rent.

It's things like these that you re-visit and smile upon as now I can speak with infinite wisdom on my successes and failures over the past 4 years.

Your return will become infinite if you can extract money in deal.  

Investing the hours in books and then finding an experienced guy (REIA, local flipper, etc) to help you through the motions : way more valuable, infinitely.

After your debt servicing is paid off and if you hold the property then your return become infinite after you get back however much you put into the deal5. *** this is the biggest reason to own real estate in my mind..

There are an infinite number that you can use, but a financing contingency and/or an inspection are the two that most people are familiar with. 

.    ----     Due to good size square footage, would rehab the home to a 3 bedroomRehab Cost: $30,000 (Assuming half of that money would be going towards the addition of a bedroom)ARV (Assuming it can become a 3 bedroom): $145k-$165kPotential Rent Amount: $1300-$1400/monthIf purchased with Cash: Total cash needed - $109,900      If flipped - Profit of roughly $35k-$55k minus closing cost      If rented - Cash flow of $600+ (7% Cash on Cash ROI) or could be BRRRRed for potentially an infinite %            returnI know these numbers are hypothetical right now and would have to evaluate the property in person, but for just a preliminary analysis, this property seems like it has a lot of potential in being a good investment. 

After you refi you will have none of money in the deal so you are getting infinite returns on your money.

No matter where you live or where you own assets, I personally recommend the Series LLC to be a great tool for the individual investor who is planning to expand their operation, as it allows for you to scale infinitely for FREE.

No matter where you live or where you own assets, I personally recommend the Series LLC to be a great tool for the individual investor who is planning to expand their operation, as it allows for you to scale infinitely for FREE.