So, after spending numerous hours tearing out carpet, 5 layer-tile in the kitchen, fixed the cabinets, replacing a ceiling, and half a bed-room, doing custom stuco, and painting, omoung many other "rigging" techniques, I thought UMMMMM, I like this..

If you have access to the MLS, look at houses that have sold within the last 6 months within a half mile or so, with similar square footage, number of beds/baths, style, etc.

Nearly half of them have been listed now by agents.Does it means I cannot talk to the sellers now.How can they be listed if they are on foreclosure?

My hope is to learn as much as possible within a year to a year and a half and then I'll be fully ready to go from both a knowledge and financial perspective.

But based on my understanding of the 50% rule, it simply states that if your sample size is large (many properties over many years) your expenses should work out to be about half your gross rent before vacancy.

What I want to have happen is for the title company to hold half the funds that are the difference between the current lien and what my offer was.

Graduated from college a year and half ago.

(I'm counting that as a cup half full.)

I was finishing my last year of college, looking for a duplex to live in one half and rent the other half.

So, about half of the rent goes to pay the operating expenses.