This property will need about $75K in rehab and the market rents would increase between 5% and 8% once the rehab is done.I am trying to figure out what expense ratio to apply to this opportunity.

Complete How To Figure Your Gain or Loss Worksheet.If the business or rental space wasn’t within your living space, such as a first-floor store with residence, an apartment with its own entrance (and kitchen and bath), or a working farm with a farmhouse on the property, continue to Determine whether the business"hope that helps. 

We figured we wanted to invest the capital instead of blowing it on the next new thing.

In listening to the podcasts, I figured it was time to stop lurking, and time to jump in and say hello and introduce myself.

Also with no kids, you might want to consider renting untill you figure that part out, lifestyle, space, daycare/schools take on a different meaning then they do now.

., and I figured a great way to learn would be to just jump in with a couple example properties instead of using hypothetical properties.House 1: https://www.redfin.com/WI/Eau-Claire/430-Ferry-St-...Well-maintained tri-plex.

Start to figure out if you want to somehow raise the money with other people.2.)

Should I try and contact relatives see if they know anything about it or contact the people with the loan and figure out something with them? 

I've seen side-bar conversations taking place on posts when a new investor is asking a question about how to get started in something, where more experienced people feel the need to say things like "I love how everyone thinks wholesaling is so easy, it took me years to figure it out" or "Flips are a lot harder than they look, I don't know why people think they can just jump in" and blah blah blah.Seriously?

I figure buying a house with cash would give me some negotiating power and maybe I could talk them down $5 or $10K.