Hello BP, I am looking get my first first property under contract in the near future and have heard quite a few different answers as to which exact number to run while analyzing a deal. i don't want something that I've missed to eat my profit away on the back end.

Somebody told me to do hard money lending ,eat the prepayment penalty pay off and refi again right after since I can just refi @ appraised price.

These can eat into your positive cash flow.

if i was you, i would start eating less, wear same clothes and drive less, perhaps sell a car (if it's exotic enough) and buy a cheap one.

Check with all members of your family and all of your friends on a partner deal for something like this before going to hard money lenders and having their rates eat up some of your potential profits.  

., volunteer fire department, EMTs, town police, cool little places to eat and a lot of small businesses.

All I ask is that anyone that complains about fees or wants a rebate go get licensed and just do it yourself.It's like someone goes out to eat because they want steak and leaves a small tip or no tip.

You can start smaller, but it could eat too much of your savings into one deal, and that isn't diversification.

If you like holding onto this admittedly awesome property to see where the market goes, eating the taxes and keeping your portfolio tied up in just one or two props, Option A would make sense.

The PM will eat up ~$2240 a year.