Mark Thornton, real estate agent, retired real estate attorney.  

Besides, we have much of that profit marked for some other expenses related to moving into the new house so only a fraction of that money would be available for that kind of investment anyway.I do appreciate you raising these issues.  

Mark a date and time on the application when you receive it, evaluate them in the order you receive them.  

That can potentially slow down the sale and if you need to sell before the 3 year mark, which you really should, the extra month could make a difference.

Currently zoned mixed use & tenant is starting a daycare.Prop Management - $60/moTaxes - $90/moInsurance - $50/moRepairs - $75/mo (should be lower due to complete remodel)Vacancy - $50/mo  (should be lower due to new 12 month lease)Cashflow = $400/mo x 12 mo = $4800/yr  CAP Rate = $4800/$48000 = 10%Option AI would love to sell as a turnkey rental, mark it up just above total invested and sell for $50-60k but dont have a lot of knowledge directly on that.... 

Im sorry I messed that part up. thanks for catching that @Mark Ferguson I have parents that are willing to spare me that 10% down cash if this deal works out.

I came across http://www.biggerpockets.com/forums/83/topics/1757...and following @Brian Gibbons recommendation contacted mark@sellerfinanceconsultants.com.

Originally posted by @Mark Shaffar:It seems you missed vacancies and interior maintenance.

I recently got my contractors license in NC because my rehabs are going over the $30k mark.

@Mark NorrisThis is just some basic rule of thumb but you should at least be able to get a 1% rent to price ratio meaning buy for $100k and rent of $1,000 minimum.