Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

My wife and I have flipped several homes on the side and, I can tell you, we made most of our mistakes in the first 5-10 deals we did.

@Matthew Turcotte I would talk to @Sergio Altomare from Hearthfire HoldingsI’ve sold Sergio several self storage properties and he and his team are doing a great job putting together investors on self storage specific deals.

From my findings, the two subdivided lots would comply with the requirements provided by the county:The minimum lot size is 1 acreThe minimum lot width is 135 feetThe front building setback is 60 feetThe side building setback is 20 feet (for corner lots it is 30 feet on the street side)The rear building setback is 60 feet

Let me address your questions and provide additional clarity on key aspects:1.

It almost reads as if you are buying a house and you haven’t closed on the house you are planning to resale. is this the case?

Hey Ginger, congrats on taking steps toward buying your first rental!

I know it is profitable, Were you able to get any additional information on this?

Congratulations on working toward completing your real estate license! 

Any advice on how to handle this would be greatly appreciated!