Furthermore,BiggerPockets is not responsible for any human or mechanical errors or omissions.Financial ProjectionsTotal Initial Equity:$116,000.00Gross Rent Multiplier:9.30Income-Expense Ratio (2% Rule):0.86%ARV based on Cap Rate:-50% Rule Cash Flow EstimatesTotal Monthly Income:$4,300.00x50% for Expenses:$2,150.00Monthly Payment/Interest Payment:$2,061.40Total Monthly Cashflow using 50% Rule:$88.606 Flat in Burbank, IL (copy)6148 W.79th st, Burbank, IL, Burbank, ILLINOIS` 60459Monthly Income:Monthly Expenses:Monthly Cash Flow:Pro Forma Cap Rate:$4,550.00$4,246.42$303.585.95%NOITotal Cash NeededCash on Cash ROIPurchase Cap Rate$27,349.00$98,000.003.72%5.95%Property InformationMLS Number: 09262104Purchase Price:$460,000.00Purchase Closing Costs:$5,000.00Estimated Repair Costs:$1,000.00Total Cost of Project:$466,000.00After Repair Value$460,000.00Down Payment:$92,000.00Loan Amount:$368,000.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:5.000%Monthly P&I:$1,975.50Rent$4,350.00Other$200.00Total$4,550.00ExpensesVacancy$227.50 (5%)Repairs$227.50 (5%)CapEx$227.50 (5%)Electricity$50.00 (1%)Water & Sewer$150.00 (3%)Garbage$170.00 (4%)Insurance$250.00 (5%)P&I$1,975.50 (43%)Property Taxes$938.42 (21%)Misc$30.00 (1%)Total$4,246.42 (93%Financial ProjectionsTotal Initial Equity:$92,000.00Gross Rent Multiplier:8.42Income-Expense Ratio (2% Rule):0.98%ARV based on Cap Rate:-50% Rule Cash Flow EstimatesTotal Monthly Income:$4,550.00x50% for Expenses:$2,275.00Monthly Payment/Interest Payment:$1,975.50Total Monthly Cashflow using 50% Rule:$299.507914 W.82nd ave,Justice ,IL 60458, Justice, ILLINOIS 60458MLS number: 08246034.6 Flat with 1/4 bedroom Basement Apt or Studio Purchase Price: $480,000.00 Purchase Closing Costs: $5,000.00 Estimated Repairs: $15,000.00 Total Project Cost: $500,000.00 After Repair Value: $500,000.00 Down Payment: $96,000.00 Loan Amount: $384,000.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $2,061.40 Total Cash Needed By Borrower: $116,000.00 Monthly Income: $4,300.00 Monthly Expenses: $4,961.40 Monthly Cashflow: -$661.40 Pro Forma Cap Rate: 3.36% NOI: $16,800.00 Total Cash Needed: $116,000.00 Cash on Cash ROI: -6.84% Purchase Cap Rate: 3.50% Expenses Income 50% Rule Total operating expenses: $2,900.00 Mortgage expenses: $2,061.40 Vacancy: $215.00 Repairs: $215.00 CapEx: $430.00 Electricity: $40.00 Water & Sewer: $215.00 Garbage: $107.00 HOA: $267.00 Insurance: $170.00 P&I: $2,061.40 Property Taxes: $1,152.00 Misc: $89.00 Analysis Over Time Hide Assumptions 0%/year Expense Increase 0%/year Income Increase 0%/year Property Value Increase Year 1 Year 2 Year 3 Year 4 Year 10 Year 20 Year 30 Total Annual Income $51,600.00 $51,600.00 $51,600.00 $51,600.00 $51,600.00 $51,600.00 $51,600.00 Total Annual Expenses Operating Expenses Mortgage Payment $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $34,800.00 $34,800.00 — Total Annual Cashflow -$7,936.74 -$7,936.74 -$7,936.74 -$7,936.74 -$7,936.74 -$7,936.74 $16,800.00 Cash on Cash ROI -6.84% -6.84% -6.84% -6.84% -6.84% -6.84% 14.48% Property Value $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 Equity $121,665.40 $127,620.66 $133,880.60 $140,460.80 $187,646.47 $305,648.89 $500,000.00 Loan Balance $378,334.60 $372,379.34 $366,119.40 $359,539.20 $312,353.53 $194,351.11 — Total Profit if Sold -$2,271.34 -$4,252.82 -$5,929.62 -$7,286.16 -$7,720.93 $30,914.09 $170,634.53 Annualized Total Return -1.96% -1.85% -1.73% -1.61% -0.69% 1.19% 3.06% Monthly Income: Monthly Expenses: Monthly Cash Flow: Pro Forma Cap Rate: $4,300.00 $4,961.40 -$661.40 3.36% NOI Total Cash Needed Cash on Cash ROI Purchase Cap Rate $16,800.00 $116,000.00 -6.84% 3.50% Property Information MLS Number: 08246034 Purchase Price: $480,000.00 Purchase Closing Costs: $5,000.00 Estimated Repair Costs: $15,000.00 Total Cost of Project: $500,000.00 After Repair Value $500,000.00 Property Description 6 Flat with 1/4 bedroom Basement Apt or Studio Down Payment: $96,000.00 Loan Amount: $384,000.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $2,061.40 Income Rent $4,100.00 Other $200.00 Total $4,300.00 Expenses Vacancy $215.00 (5%) Repairs $215.00 (5%) CapEx $430.00 (10%) Electricity $40.00 (1%) Water & Sewer $215.00 (5%) Garbage $107.00 (2%) HOA $267.00 (6%) Insurance $170.00 (4%) P&I $2,061.40 (48%) Property Taxes $1,152.00 (27%) Misc $89.00 (2%) Total $4,961.40 (115%) Buy & Hold Analysis - 03/02/17 01:58:53 PM Page 1 of 3 Calculations based on a 31-day month.

Great list of the things you're asking for but also a lot of emphasis on getting the ball rolling. 

I'm a mechanical engineering graduate from Arkansas State University and have been in the Nashville area since May.  

Second, the neighbor was a car mechanic and every day the house was busy and noisy.

I'm a mechanical engineer/project manager by day and jack of all trades at all times.

I'm focused a bit more on buy and hold and not so much the wholesaling side, so unfortunately I don't have too much to share with you on the strategies or the mechanics of wholesaling, but I know for a fact there are several active wholesalers that go to this event that you could connect with. https://www.meetup.com/WestMichiganREIClub/Feel free to drop me a line if I can help in any way.Tyler

This was unstable from the begining as it left no balancing mechanism between the member countries.

This keeps us in tune with the mechanicals and gets us in the property for a little look around.

While we should all be striving for good quality deals, what is good quality to one, is not the same for another, so as long as you are happy and getting positive cash flow, month after month, with little to no headaches, then your strategy is no better or worse than mine, just different.I am a little concerned, however, that you are putting a little too much emphasis on measurements that are really more appropriate for commercial deals (including multifamily). 

. : ) The shorter person has to really get down the kick and mechanics more for stride efficiency.