Here are some of the numbers:Purchase Price: $61,000Down Payment: $15,250Mortgage Payment w/ Insurance & Taxes: $346Previous Rent: $375 (3/1), $400 (2/1) = $775 gross rentRenovation Cost: $11,000 per unit (Includes purchase of tools: wet tile saw, work lights, airless paint sprayer, circular saw, miter saw, etc.)Current Rents: $775 (3/1), $850 estimated (2/1) = $1,625 gross rentARV: $115,000I still have to finish recoating the bathtub with Rustoleum Tub & Tile, and replace a missing tile transition to the bathroom, but outside of that, I'm ready for my renter.I'll post pics of the first unit 2321, when I get an adapter to pull the pics off my phone's SD card.BEFORE PICS - UNIT 2325AFTER PICS - UNIT 2325

There's a great rental property calculator right here in Bigger Pockets under the Tools drop box at the top.

I know being licensed definitely 100% helps since that gives you access to helpful tools.

BP is a great TOOL, but you will learn best by getting out there.

Cash is merely a tool to be used to achieve whatever it is you're trying to attain. 

There is so much information/tools on this website that my head is spinning a bit. ;)   Jacob, I'll see you in June!  

I have not been responsible for the selling of our currrent properties, but Intend to change that and see what kind of effect offering something like a closing bonus of $10,000 gift card would have on selling properties at higher margin or (at least as negotiating tool).  

check the biggerpockets file place under tools

Are there tools, reports, or other resources for investors?

Hi Guys,I am going to do my first direct male campaign.I haven't seen any posts about sending postcards to absentee owners to get listings as a realtor.I have a few questions and would love to get your opinion.I was told listsource is the best tool to get absentee owner tax payers addresses.