Also, i tried to be conservative especially with rehab costs, because you gotta account for every possibility but if it ARV's at 140, it's possible it could be a good.

I took into account everyone's advice and reran the numbers for the same property.

Search for a loan from an account holder and be willing to lend from yours.

Should I now go talk to a real estate lawyer, accountant, find a property.

Cash flow = Rents - PITI - Expenses (Property Management 10%, Vacancy 8%+, Utilities, Repairs and Incidentals, Capital Expenses fund, Legal and Accounting)9.

I feel as if I'm over complicating things, but being my first purchase i'm trying to account for my inevitable mistakes. i would rather have cashflow over anything.  

However this doesn’t take into account risk, and real estate despite what BP says is actually one of the riskier forms of investment.

Account Closed Thank you all so much for the feedback!

Tenant is required to have a bank account or credit card to pay online.

It's easy to say you should raise everyone's rent a large amount, but that can be a tough thing to do to families and you would need to take into account how many tenants might leave with such a sudden increase.