If you close 1 transaction per year you should be able to pay all those expenses.Save mom 3+%... priceless.The knowledge you will get, not only in the beginning getting your license, but on every deal is invaluable.Everyone has a different approach to investing, do your own diligence.

But other than not doing due diligence and with zero knowledge powering something improperly, it tends to appear mostly ways in which human error is not so much the issue as is faults within the materials.Sorry but I just don't believe anything you say and I think you are giving poor contracting advice.

Numbers are good butLike was said befor just due your due diligence on the area, and start out lower sometimes the bank will take forever to except then you rehab (I have seen banks take up to 4 months) Buy the time your done rehabbing and your market is declining.... well...Clyde

So do your due diligence with anyone you plan on working with.

Do your due diligence. 

We're pretty diligent about airfilters and putting dates on them to remember to switch out. we do duct cleaning about once a year....but knowing how bad our costs are and how long it's been going on, why would you not consider changing the mechanical unit?

Then do your due diligence. 

Usually you put an earnest money deposit down immediately (some investors do it differently) and give the seller a due diligence fee to let the seller know you're serious about buying. 

You need to learn how to do Due diligence, which is what I think you are asking.

You have to do the same due diligence if the market is in your backyard.