Factoring in the mortgage, I came out at $90.68 (526.27 Net Operating Income - $435.59 mortgage) as my monthly cash flow.So here are my questions:Am I correct in thinking that I can finance $100,000 to cover my cash in, and use the difference between the appraised value and the financed amount ($41,000) as the minimum 20% equity to stay in the property that is needed by the bank? 

Here some interesting info and numbers about the project.Acquired: Feb 2018Rehab - 2 - 3 months.Listed - May 2018Sold - Sep 2018Purchased - $115,000Financed - $110kRehab - $63k (investor contributoin.Sale Price: $224,900 with seller contribution $6kAfter all expenses Final Profit - $21k  - 33% Highlights - Removed big pool and created big back yard, did major foundation repair to get to tolerance level, removed walls to make the kitchen open, all new flooring, new roof, new appliances and whole shebang. 

(I would also pay for the monthly rent via my savings/day job – in speaking with the owner, he said it would be a minimal amount because the property needs work).I don't know exact numbers on what the rehab will be, but I've been doing some research on the costs and am working from an average at the moment, as I look up what basic rehabs for kitchens, bathrooms, electrical, plumbing, new roof, etc. could be.

I also attended a TREIA workshop on legal issues for landlords and had a real estate attorney review my application and policies, and I do move-in inspections with new tenants so everything is transparent and covered up front. 

Your risk tolerance must be through the roof.

So, my question for the BP community is this: does anybody have a verified, dependable screening company that covers evictions nation-wide - even Maine, and that will allow me to see the full credit report (after an office inspection, of course)? 

The idea was that direct material and labor would be covered and any gross profit would contribute something to cover the overhead.

If your properties are older you would need to consider the right amount based on the age of roof, furnace, AC, windows, appliances, etc.  

My goal is to begin my real estate journey buy acquiring a multi-unit i can occupy and rent out to cover to the mortgage and hopefully create small cash flow. 

Initial cost is driven by home buyers making it too high and rent is rarely sufficient to cover expences.