After those calculations I am at 73.3%.From that number I will subtract $2,000 (unless I can estimate better) for taxes, insurance and utilities for 6 months.

Finding something while being a part time agent to get the ball rolling is your best bet.

So this is my personal choice, it does not mean it is more profitable, but maybe it is more profitable, at least thats is what my calculations show.

I'm willing to bet there are more success stories than ones like yours.

@Sean KuhnIf you put 12K of initial capital improvements into the property at purchase then I would include that amount in your initial capital cost (purchase + cost to put in service) and use that amount when calculating CAP, CoC, or any other measure of return.

Indeed, when I calculated the idea of preparing for retirement in 25 years by doing flip after flip, I would have to do two, successful flips a year for 25 years.

I'll bet fewer than 25% keep the business.

If you need help finding the relatives Lexis Nexis is the best bet but it is really expensive.

I pride myself on offering the best customer service and knowledge to my clients and I feel as if this could be a great resource for me to learn more about the investing side.My business model is to accumulate multi-family residences in Philadelphia and the surrounding counties and manage them myself until I find that hiring a property manager as leverage is my best bet.

You have to calculate at what clip your market is increasing percentage wise each month and then with mortgage payments monthly at what point in time likely they would intercept to getting even where you can sell and get out of the property.No legal advice.