It'll help you build a team, and if you're lucky maybe even meet a decent wholesaler to pick up a deal.

Thanks for the great forum here & I look forward to making connections and absorbing and utilizing as much knowledge as I can! 

Example:List Price $124,000ARV $200,000All-in Target $140,000 (70%) Refi Loan amountRehab Estimate $30,000Holding costs $6,000 (Includes PML interest only payment, insurance, utilities)Closing costs $7,000 (Acquisition and Refi closing)Purchase Price $97,000 (MAO) PML loan amountSo in this example you have a Private Loan amount of $97K. 

my question is, if I own a $20million dollar mansion, what other imvesting strategies can I utilize to gain more profit?

I picked up the payments as an heir, where I paid the remaining balance of $14k.

Jose.I live in this area and its amazing.Just like the woman above me said, pick with your eyes closed.

Quick question about utilities and snow/lawn care for SFH student rentals. 

Is there on BP I can find legal notice template to be utilized in state of Texas? 

PURCHASE COSTS: Purchase Price ($62,000.00) Inspection(s) $400.00 Appraisal(s) $450.00 Survey(s) $0.00 Lender Fees/Costs $0.00 Closing Costs ($5,200.00) Other $0.00 Total: -$66,350.00 REHAB COSTS: Labor (from page 2) ($13,900.00) Materials (from page 2) ($16,380.00) Total: -$30,280.00 HOLDING COSTS: Mortgage Payments $0.00 Property Taxes ($300.00) Insurance ($700.00) Utilities ($900.00) Lawn Care $0.00 Other $0.00 Total: -$1,900.00 SELLING COSTS Selling Price $130,000.00 Commission To Agents ($7,800.00) Buyer Home Warranty ($500.00) Buyer Termite Letter ($50.00) Buyer's Closing Costs $0.00 Seller's Closing Costs $0.00 Total: $121,650.00 PROFIT: $23,120.00 On to my questions:- Other than potentially needing to pay some of the end buyer's closing fees, am I missing anything else that should be accounted for?

@Peter SikI'll say this and leave it at that- it was one of the best advice I received from a experienced landlord- "NO tenant is better than a BAD tenant" Pick your tenants wisely, it could make or break your investment property.