They have been extremely valuable in providing us insight into the neighborhoods, the hotter markets, the type and materials of rehabs that are selling; as well as knowledge in the requirements of the flip needed for the buyers to qualify.

I'm really looking forward to utilizing everything BP has to offer.

But if you are looking to fully utilize equity, why not take the 70% of 100k and put 20% down on five 70k properties?

You don't have any expenses (utilities, trash, snow, lawn care, etc) included in your analysis.

Your alternative is losing stacks of those Benjamins to continued lost rent, paying attorneys and the court/administrative costs.Messing with the utilities in the dead of winter in Chicago will only put you on the wrong side of the law.

I'm looking to utilize my knowledge as an agent, as well as my degree in Accounting, to develop a highly successful and profitable business.My overall goal is to purchase single family homes and 2-5 unit buildings, and rent them out.

Even if it is paid off, you still have taxes, insurance, utilities, lawn care, etc.

Certainly a lot of material.

It is a mobile home park, with 48 lots (leased for $150.00), no park owned homes, and pays for their own utilities, 44 lots occupied.All Annually These expenses are from the park, Real estate taxes: $2593.50Outdoor lighting: $672Liability Insurance: $500Lawn: $720NOI:The gross NOI is $79,200I Would Add Or Change To The Following Expenses, Such As:Management: $ 3,168Other: $ 300Lawn: $ 1500Insurance: $ 1000Travel: $ 800Loan from bank:Interest from bank: 6.5%15 years amortizationLoan for down payment:Interest for investors: 8%Questions:It seems every park I run into there is no money left after I pay back the bank and investors.

You can build a new home/duplex and be in under 80/85% of MV, even more if you buy the land and materials right and have a crew.Don't get sucked up in the investor mentality of making money at closing out of your idea of what a good deal it is.