If you want to put your friend at risk, which you seem determined to do, go ahead.

Then if you want to get into detail on adjustments, I use this formula.

I'm going to go ahead and be straight forward.

I'll go ahead and throw out an example of a lawsuit my firm was involved in a couple of years ago, in which I would say the LLC worked as it was supposed to.

I have heard from many investors about using the formula ARV X .70 - rehab cost - desired profit = MAO.

So if you use the normal 70% ARV formula, you will do great.

You can do REI part time and you will regret no degree for the rest of your life.Don't obsess over the debt you have a long working career ahead to pay it off.

Go ahead and get the preapproval.

Just use the formula's and calculations within Bigger Pockets to see your numbers before you pull the trigger.Ups and Downs - In my first year, I evicted 1 and had a 2 year contract least with another to find out that he had to move because of an emergency but was able to put 36 hours over a weekend (up all night) to get the place ready to show to the public, was able to rent it out within 10 days.

I well received my money's worth ($400 for 2 intense days) and am very glad I went ahead with it.