I want to thank everyone that responded Not sure how to figure out how to do it to each and everyone that has given me valuable input.My plan for the property is to lease it to 2 of my children for the first 2-4 years while one is going to the university nursing program for 2 yrs and the other is wanting to be based in texas for another family business for the next 4 years.

I'm 22 and a recent graduate of Cornell University.

I am Michael Thomas, a soon to be spring graduate from Florida A&M University!

This area is prime to form heart rot as any moisture will want to collect there.Most states have a forestry commission or a university extension service that will have an urban forester on staff.

My wife just recently began a grad school program at the University of Colorado at Boulder and this program took us away from Las Vegas, NV - which is home for both of us.

I'm an 18 year old freshman at the University of Washington and I'm interested in wholesaling and someday being real estate investing.

If there is a more realistic figure, by all means, correct me if I'm wrong.)ARV on a home is $100,000$100,000 * .65 (65% rule) = $65,000$65,000 - $3,000 potential wholesaler fee = $62,000$62,000 - $20,000 in potential repairs = $42,000$42,000 - $4,000 in potential holding costs = $39,000 MAOPotential gross profits $61,000/2=$30,500 for myself and contractorI know this is full of holes and may not even be in the right universe as an actual breakdown. 

I am a graduate from Arizona State University with a BS in Criminal Justice and Criminology.  

I just wanted to see what experienced property investors think about my current situation and what would be the best way to start.Just a bit of background....I'm 20 years old, based in England (so processes may be slightly different), went to University and dropped out after 1 year because I wanted to start a business.

I just wanted to see what experienced property investors think about my current situation and what would be the best way to start.Just a bit of background....I'm 20 years old, based in England (so processes may be slightly different), went to University and dropped out after 1 year because I wanted to start a business.