There is a townhouse that is 2bed/2ba on corner lot.

I've since gone back and read the private money financing section in my books and have watched a few seminars online but I'm still a dear in the head lights.

The area my property is located is in a higher density MFR section of the city.  

@Irwin Haddox buy a 4-5 bedroom place and you may get 1250 from new castle county section 8. 

It's a 1987 2 bed 1 bath.Rented at $540 a month to a tenant who has been in place since 2013, on section 8.Yearly taxes are $280.It's got central heat/air, underpinned, front deck, on city water but there is a well on site. 

Renting section 8?

I live right around the corner from you..so feel free to give me a should if you need some help looking around.  

In the BRRRR calculator, (using a HELOC use for purchase and rehab), would  you put $0 for the down payment for the Purchase Loan Details section of the calculator, and then your estimated total purchase and rehab cost in the Loan Amount box for Purchase Loan Details?  

Be sure to read through the Education section above it is loaded with great information. 

Wanted to share some screen shots of my SFH model I use for market analysis to give some people ideas as well as hear what other people think.First section is the Current Listings where I enter data from Zillow.I originally started out w/ only 5 listings but the more the merrier so I expanded to 7 listings.