That definitely illuminates the concept for me :)Very much appreciated.

Work to learn, not to earn:There are concepts that have truly life-altering effects.

This is a pretty foreign concept out side of Silicon valley... are you sure your loans are not joint and several.. ??

We are now stating that we, as a small operation, give preference to dual income households...with two adults the theory is that they will clean out of courtesy for the o ther adult....but we wil imply it is a riskbased policy  and it will reduce our risk as well.

@Mike Wood That's a great way to treat it--the savings account concept.

@Rob Gillespie - The concept of a bi-weekly lease is not that rent is due on the first, but you allow payments to be made later.  

Turnkeys are a new concept to me as I manage what I have currently.

I really do feel like i'm missing something important and i'd like to know where i stand on this very new concept of real estate before continuing and purchasing the house.Cash flowHouse listing price : $135,000Rent price : $1300Cash flow : $301.34Annual Cash Flow : $3616.08Additional fee'sTaxes : $2336 -$194.66/mInsurance : Estimate of $200/mProperty Management: Quote of $90 per house Lawn/Electric/Utilities - Tenant paidRehab : $0 No rehabMortgage: $514Total monthly expenses : $998.66Cash On Cash Return Investment Down payment : $27,000Closing Cost : $3000Rehab : $0Total Investment : $30,000COC ROI : 12%So here is what I've came up with.

How do you expect to lead a project or purchase if you don't at least have a basic concept of everything involved.

If I had it to do all over again, I would have wanted someone to introduce me to this concept on credit.