And of course get plugged it to your REIA group, looking for experienced MF folks.

One thing to be aware of is there is two sides of underwriting: the practice of plugging numbers into a model, and the much harder to learn piece of knowing if those numbers are remotely accurate.  

Let me know, and I'll plug it into my spreadsheet, and I'll be able to tell you right away whether or not the portfolio still cash flows at that level.

My experience is that they are a pain in the butt and you can qualify for a conventional. 

NONE of that matters..NOW here comes the fineprint..YES if you write a kick-butt blog that actually gives value to your ideal traffic?

There are definitely a lot of great resources in the couching programs around here and they can be a great way to plug into a team.

When I plug in his imputs:Top line    (GSR  ($19,080) minus expenses ($1506 / month x 12 = 18,072 (then pull out the taxes from his expenses $2,052)  $16,020)   the topline becomes $19,080 - $16,020, i.e.,   $3,060, right?  

If the current is higher, I use teh last 24 month average as my plug in for vacancy.

Networking, finding a mentor, getting plugged in to BP, and reading a few books could get you just as far.

Also not a shameless plug but reality if your looking to buy in newburgh you might be lookin at one of my three properties for sale.