Also, you keep in mind that a mortgage broker gets paid by the lender for bringing them your business.

There are a lot properties, cities and ownership have been hoping will bring in new big retailers, but many of these properties will never bounce back. 

With Vacancy of 8%, Repairs of 8%, CapX of 10%, insurance of 11%, and property taxes of 11% you have 48% in non-mortgage related expenses, which would be $348/month (725 * 48%) PLUS mortgage/taxes/PMI of $384 as stated in your calc, that brings your total costs to $732, putting you at a negative $7/month in cash flow.

It may involve bringing a quiet-title action.A lot of times, folk pre-emptively pay inheritance taxes in such a situation.

Just find a good mentor to shadow, someone willing to impart from his/her experience, take them to lunch and make yourself useful to them, and they will teach you.Here some recent articles good for starters:- one to raise you up: https://www.biggerpockets.com/renewsblog/3-important-questions-starting-investing-real-estate/- one to bring you back down to earth: https://www.biggerpockets.com/renewsblog/dont-just-dabble-in-real-estate-investing/- one in the middle: https://www.biggerpockets.com/renewsblog/cheap-free-steps-today-pro/- https://www.biggerpockets.com/renewsblog/2016/03/22/10-lethal-mistakes-avoid-real-estate-investment/?

I found a good job that allowed me to bring home about 60K a year and I ultimately ended up buying a home and the timing worked out tremendously!

I've built up some experience completing flips and buying rental units on my own – and now would like to start bringing some other investors into the fold to secure deals on a more consistent basis.

My accountant is a seasoned cpa and works specifically with real estate but is hesitant when it comes to ideas like this when I bring them to him.

Cashflow -300 a month all bills and utilities. 3rd floor once renovated will bring in the positive cashflow. 

I really like giving second chances and helping people get back on their feet (I hire ex cons in my other business with pretty good success) but I feel like there are so many bad things this could potentially bring on.