HI All-I've been listening to podcast and gaining a lot of knowledge!

, but i ran the numbers and after that it didn't look so appealing, and if you were to factor in capital gains and other fun government taxes, well, i don't think it's a good option, and there are for sure better ways to exit.The numbers play out like this (not considering taxes, capital gains, and other factors, i was just trying to play around with the idea and keep it simple for the start):Your NOI: ($119,160 + $30,000)  - $70,000 = $79,160 or $2638.67 per year for 30 years and $219.89 per month for 30 years when you factor in the 30% down into it ($137 per month for 30 years)Cap Rate: 2633/70,000 = 3.76% per year for 30 yearsCash flow: $331 per month for 30 years but only $137 of that would be profitROI: 2.33% without the 30% down factored into it (3.76% with the 30% down factored into the calculation)Total ROI = $79,000/$70,000 = 112.86% over the course of 30 yearsConclusion:Well, from what i see here, the problem is the interest rate used.

I am eager to get started in real estate and am thinking of becoming a real estate agent to gain knowledge and work for myself while I develop the investment side.  

Best bet in this situation is show how you can add value and capitalize on it so that you can gain experience....

I am not trying to be difficult, just making a point, think about the value proposition you can gain on this for yourself or for someone else at this price point.  

Now I am here to learn more and hopefully gain a few more properties. 

That is how I get access to Pre-market REO properties.If you are getting access to Pre-market REO, how then can I as an investor establish a relationship with someone like you in order to gain this knowledge and seek the properties I am trying to get.

I think it's great that you are meeting up with the sellers to gain experience in negotiations and knowledge on how to compose a deal!  

I am really just out here trying to gain as much knowledge as possible before I jump in. 

2) What will you be gaining in equity each month?