a G-Wagon is definitely in the near future as a business expense!

It's likely they aren't including all expenses including property management, taxes, insurance, mortgage payment, and capex/vacancy/repairs holdback. 

This leaves the two oldest to help manage his expenses).

Rentals are also hard because they are so expensive .

I currently live in Maine, actively doing market research on Maine, New Hampshire, and Connecticut Time to take action!!!

Monthly Expenses and Cashflow:- Principal, Property Taxes, Home Insurance: $1,446.38- Property Management (12% of Rent Price): $358.08/ mo.- Monthly cashflow: $1,179.54Obviously these are rough estimates, but I feel that I've given myself enough buffer throughout the calculation/ analysis that if there are any unexpected expenses, I'll still be able to cover them and have a property that Cashflows a decent amt each month. 

They are holding funds so they can live in the float as long as possible, probably because they don't have the cash to pay up.

Are you going to be living in the property?

To get into real estate investing at a young age with strong credit, think about plans like living in one part while renting the rest, making friends in the field, beginning with bite-sized properties, using savings and credit well, and eyeing areas that might grow.

In general, you will want 25% of the purchase price to buy the property, but you should also maintain a reserve to deal with unforeseen expenses like vacancies, maintenance, etc.Before you even begin, I think you should focus on a little education.1.