In the example here, it seems to be very low due to all the various hidden expenses and buffers you have to allocate especially if it is  out of state (home warranty, property manager monthly and finder fees, capex, repairs, HOA etc).

We may need to get the meet ups going again just to show off this gem!

But if you find hidden defects they will sometimes give you a credit for it.Around here lots of houses from the mid-1900's used clay sewer pipe. 

I have a commercial property where one (unused) entrance is to the back alley, and that entrance is nicely hidden and covered by a little roof.

The other hidden benefit of owner financing is it doesn't show up on your credit report so doesn't count against you for things like credit score and dscr.

Hi @Ingrid Pinilla  message me I can help you with a hard money lender that doesn't charge any points and no hidden fees.

I know the there would be lots of hidden risks (e.g. lien, legal issue, etc) when you a wholesale property from a wholesaler. 

Preferably as many units as possible but with hidden value in making improvements (the unfinished attic in our current house was a goldmine) a.My feeling is auctions are good place to go for this but I don’t know anything about auctions. 3.Rent a property to live in for the first year I can’t subject my fiancé to living in a gut rehab again 4.Use the cash generated from the property and work during that first year to put together a down payment for a house for us. 5.Re finance the rental property and buy more property.These are my other day one questions: 1.I’m an architect, does anyone have any advice for actively leveraging my skills to help me do this real estate investing thing full time/ what career change could help me ease into this while still having a salary?

Points charged on loans (% paid up front at closing, basically an origination fee) and interest rate..usually closer to 12% when you're starting out.Payment schedule - most will expect monthly interest only payments, but some will let it accrue and settle up at closing.Minimum loan amounts - if they only loan in amounts of $200k and up, then you're wasting your time shopping for $150k properties.Doc prep charges and other hidden fees (preparing the mortgage and note is a necessity and you'll have to pay for that, but watch out for other hidden fees). 

@Matthew Paul I like that expression, but I've never heard of that one - does that come from the Indiana Jones, 'switching sand bags' as weights in replacement of a gem stone/chalice scene?