Now that I'm looking at moving and I have a solid career I am looking at what my long term options are and how to move use that first deal as a springboard for some long term success.I'm employed with a general contractor and love the construction industry so the idea of buying and flipping or BRRRR seem like natural options to consider.

Dear Fellow REIs, As a newbie in this industry, I have a question regarding wholesale property purchase. 

. - I make my own closet system utilizing Closet Maid kits (white melamine) stocked in Home Depot. 

Generally week one would consist of securing the property,  starting utilities in the correct sequence according to season, insurance and any urgent repairs. 

Are you getting 1 year leases there from casino workers or other industry? 

Lower income can't afford to move often nor can they move if they have an outstanding balance with a utility company or the landlord.

Multi-family, retail, office, industrial, student housing, senior housing, single-tenant net lease?

I will take your advice and utilize BP for networking.

All utilities are included on the current rent as well as the heat, so those expenses are real.

The formula(s) would look like:Potential Gross Income (PGI)  = full rents + any other income at 100% occupancyminus Vacancy & Collection Losses (8-10%) is typically usedequals your Effective Gross Income (EGI)Then you subtract your operating expenses (taxes, insurance, management & legal fees, repairs, utilities, lawn service, pest control, etc., and a reserve for capex) to get your Net Operating Income (NOI)From your calculated NOI, you can really start digging deep:Subtract your debt service from your NOI to get your cash flowDivide your NOI by the acquisition cost to get your cap rateTake your NOI, add the reserve for capex back in, then subtract your mortgage interest, to get your taxable incomeDivide your NOI by your debt service to get your debt coverage ratio (tells you how many times will your NOI will cover your debt/mortgage payment).