IE terms too good to be true just send me a few hundred in advance..Patch of land is real.but if you want to shop here are a few others that are for realLima one      right in your back yardlendinghome   another crowd funderLendingone    out of FLA Peak  out of Kansas city.visio  out of  Austin TXAnchor out of SOCALthese are just a sampling  all of them send me wholesale sheets as I am NMLS licesnsed and could refer loans and make fee's but I have no interest in doing that.

Currently paying 1060 in rent The deal we are hoping to close on:2 unit home:Upper Unit - 1br, 1ba Current Rent:600, once we get new tenants, I think I can get 700 or 750Lower Unit - 2br, 1ba Current Rent: 750. plan to occupy this unit. upon move out could probably get 1050 if I add a washer/dryerClose to downtown, 2 blocks from VERY nice YMCA, 3 blocks from UniversityThe numbers:Listing Price: 149,000Winning Bid: 152,000Appraisal: 134,000Final agreement: 134k + 6k seller finance (hand shake) 2 years @5%5% down + closing costs = 12.3k out of pocket initiallyMonthly expenses:P&I + Insurance + taxes+ PMI = $991/monthsellers financing = $264/month (I'll probably pay $300 to speed things up)$1255/ month - ($750-33% for vacancy, repairs, other stuff) = -1255 + 500 = $755 out of pocket. (1st two years)-991 + 500 = 491 next few years-991 + 500 + 705(67% of 1050)= 214 cash flow ($281 after PMI)$755 Compared the $1060 I pay in rent currently, I feel like I'm making 305/month.

Now we have the rental income to look forward to, and we'll use it to continue to acquire properties on our own (also adding funds from jobs, etc.. to speed up the process).Good luck to you. 

Not sure if this is the right way to look at it if my goal is to pull out equity and move onto the next deal with some speed...

BUT have your bail bondsman on speed dial .  

Do you find it beneficial for someone like me who has been having success on my own to partner with someone from a distance that could bring cash and credit to the table and speed up the process, or keep it slow and steady?

I ended up moving halfway to Chrome OS, I use it for many things but still turn to my trusty MacBook for it's speed.

I have intended to put the cash flow excess back into the line so that I can speed up the pay off process.

@Cara Lonsdale  not sure in your area but in my transactions last few years lenders wont allow escrow hold backs.. and yes east coast utls are something that are quite foreign to us West coast agents .Is taken me a few years to get up to speed with the rules of the road out in PA  now 100 transactions later I think I kind of have it.. but even so..

@Paul Leason  agreed  unless its like the top of the pop in PHX ... you never know with those monster homes. back in 04 I bought a mansion from a basketball player NBA  that was 3/4 done..in Portland OR>. and our market pretty much peaks at 6 million or so for river front.. we finished it I listed it and sold it first day for 5 million cash..