With 25% down payment the property is going to produce a cash flow of $424 a month.

Although I want to get into flipping as a "day job," my long-term goal is to produce long-term wealth through a portfolio of income-producing properties. 

If the difference between the amount earned and the amount spent in buying, operating, or producing something is positive then it is profitable.

I'm in the process of buying a short sale, we signed the contract back in April and still waiting for the sellers' accountant to produce some financial statements.

So you have to find an investment that will produce $500+ a month profit JUST to break even. 

Jeremiah Moss 2% rule guideline suggests a good deal will produce 2% of your purchase price (including rehab cost) as rent each month.

Hi Russell Brazil I'm looking into residential in Germantown, Gaithersburg, and Frederick areas that can produce the kind of cash flow that you was talking about.

@Manuel Savorelli,If the lender wants to check your credit, you've got the wrong lender.They should be looking at the deal, and you need to be able to show them how their money is protected, how the deal produces profit and how they will be repaid.If someone insists on checking your credit, you can (but probably shouldn't) sign up for something like ScoreSense (CheckMy3Scores,com) and let them pull your credit that way.

Contrary to @David Dachtera comments commercial insurance clients produce annual residual income.

If the property is performing, producing the return you expected, and you want to sell it at some point in the future, then with the right company there will be demand for their services and for a property that is performing.