My total PITI&HOA&Liability total $786.21 which I cash flow $613.79 a month.

But my cash flow is about the same on 1/3 the total rent on that stuff vs. my local ones.

Example: Fort Worth TX---2007 duplex, 2100 sqft, 3 bedroom 2 bath each side costs $85,000 and total rent is $1,550/month Portland/Eugene OR--2007 duplex 2100 sqft, 3 bedroom 2 bath each side costs $380,000 (maybe closer to $430,000) and total rent is $2,400/month.

@Ryan Steele, I totally agree with you but the reason for me asking the question about the cost was because when I went on the site, the only cost that was listed was for people interested in becoming a member and not a cost if I was just interested in attending the meetings.

@David Lee Yes, you mentioned rehab as I was wondering the total cost needed so you can get those houses occupied at the $500 or $550/mo mark.

While you get your own finances set right, you can continue to learn and learn and learn.Then I would say, "Yes, getting your license can provide many benefits in your RE investing, although it isn't totally necessary to be successful."

How much is the total rent?

Actually bought an REO using the FHA 203k loan program, it pays for the property and repairs and still only requires 3.5% down of total so I was still able to create equity by doing repairs.

This also is subtracted from the total to arrive at the maximum bid.The point is to start with a simple formula and replace with real estimates and actuals as soon as you can.Hope this helps.Bill

The downpayment is roughly totaling about $160K which each partner should throw in about $55K.