Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I'll try to answer a few of your questions, but I am speaking from book knowledge (and evaluating a LOT of deals), not experience from operating them.

At the same time, I won’t stop being me, plain and simple.

This is a great topic, I am currently targeted to complete 10 flips this year, and as a licenses agent, I am also in the process of getting a Contractors License and operation my own crews; huge efficiency and profits here.

@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

It's as simple and free as it gets, and quick.

. $40k repair2. 3% closing cost3. 50% Operating ExpenseThis is a template I use myself, it's not proven useful/accurate. also considering all the assumptions ...

The more common mistakes are buying incorrectly, not planning for capital expenses and the cost of money and underestimating operating expenses or having the seller lie on his T-12.

Also, to be fair, they did say they would look at the cap rate based on how they thought they could operate the property not based off current numbers.

This will give you a better understanding of the market you're operating in, and should you find a property you may want to buy, the cost estimates will come to you naturally.