As for getting over your head, that is something only you can figure out.

. $70 monthly (IO) so as long as you can get $70 more for the larger of the two, you will be fine.Also, the larger house needs less repairs according to your figures and is newer (better resale value down the road & possible less capital expenses).In the end, it is a personal decision you must decide and above are only my observations.

Get her to agree to that figure, then start working it with the bank.

I haven't figured out a way around outsourcing at the beginning - outside of managing yourself of course and we're a bunch of E-Myth and 4 Hour Workweek geeks about it...lol.

If you are just starting out wholesaling, I would figure that you do not need any type of insurance.

First and foremost, unless you have HORRIBLE credit that 9% is way too much with 20% down. now for the basics...Purchase price $36,000down payemnt $7200financed $28,800monthly payment $293insurance/taxes about another $100 lets figure $400 a month for all thistotal rents $700 per month x .60 (assuming you are going to manage the property)= $420 - $400 for mortgage payment = $20 cash flow per month...now the norm that people seem to shoot for is $100 per door, so you are about $180 short of that.

Don't I want to own them at that figure?

I figure we can 1. live in the condo and buy a house to rent/section 8. 2. rent the condo and buy a bank owned property, hold a year or two and resale for a profit.

I have never written about any specific deal, but I figured it may be able to help someone understand the process a bit more.I figured I would share here.I received a call from an estate lawyer last week.

I was in the USO (US Oil Fund) ETF for a while, but after going nuts trying to figure out the taxes I just sold it.