(Sales price minus selling costs minus purchase price.) plus maybe 10% in state taxes. 

Can I take out a hard money loan for the 43K plus the 40K rehab amount and have him owner finance the rest of the purchase price to me?

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes", for a new total of 20-units with yearly gross over 500,000 and cashflow averaging $40k monthly.

Other option would be her doing a cash out refinance on her home and using that money to purchase with cash.  

I have not yet purchased any rental property and would like some insight on what the best way to go about this. 

There are a lot of factors that go into the pricing of a loan such as loan amount, purchase price, credit score, income documentation type and property type. 

Why do you think purchase contracts are so long and have such small print?

Purchase price: $1,870,000 Cash invested: $300,000Offering a sliver of ocean view from upstairs, plus an ideal setting conveniently close to the area's most popular shops and restaurants, there's plenty to love in this location.

Consumer confidence is still strong.

Have you purchased or looked into any multi-family opportunities yet?