If you cleared $5k I would be surprised and there is no way in hizell I am investing over $100k to make $5k.On a buy and hold, your gross rents of stated $1100 at best equates to $660 left over based on a 40% operating cost ratio (which is more of a better case scenario).

That there are Lonnie Dealers operating illegally is not good evidence of future low risk.

Distance from the lender's center of operations changes the risk - to that lender.

Purchase price 109000, total rents 1350$/month. 250$/month cashflow after all operating expenses.1.

What is the structure we operate in?

We get the contract, they handle paperwork for every deal between title co and attorneys, etc. would also do bookkeeping and organizing of all our buyers and sellers.I would also like to bring in someone for acquisitions eventually although I think this will be an easier position to fill as I'm pretty clear on what I'd be looking for.

There is a lot you will need to know about the property to determine if it is a good deal for you or not though to include:- rent history - vacancy rate- current lease terms- expenses (operating expenses, insurance, taxes, etc) - market value of the property- property conditionOnce you know more you can apply the 50% rule to determine what the long term expenses will be.

My ultimate goal with my site is gaining pure organic leads; although, I know some leads will flow through the site because of direct mail and ads such as Craigs List.

Don't have a expense item for property taxes (that's what the assessor is estimating so he doesn't take property taxes as an operating expense.

The solution is some form of seller finance, but first the SAFE Act and later Dodd-Frank has made that too expensive for small operators.