Hands down, the best financial decision I ever made. 

Financials: List Price: $129,900 20% down: $25,980Financing: $108,420Closing cost: EST. $5000Total investment: $30,480Mortgage payment: $530/month (Conventional 30yr at 4.6%)Annual rental income: $21,000Annual Expenses:  Property tax  $1200 (verified through property appraiser website)Insurance $1,200 (best guess)Prop man.$1,680 (8% of rent)Mortgage $6,360Calculations:NOI = Income (minus vacancy)- Expenses (Prop tax, insur, and Prop mgt)         = 21,000- 4,080          = $16,920Cash Flow = NOI - Debt service (mortgage)                  = 16,920 - 6,360                  = $10,560ROI = Cash flow/ Investment basis       = $10,560/ $30,480       = 34.6%Cap rate = NOI/ Purchase price                = 16,920 / 129,900                = 13.0% Cash on cash = ???

Based on the proforma financials, the 50 unit shows a vacancy and credit loss projection of 10% and the 80 unit shows a vacancy and credit loss projection of 8% - so 90% occupancy on 50 unit and 92% occupancy on 80 unit if I'm reading correctly.

Been reading numerous personal finance books and lurking BP for a few months now, but the savings are finally shaping up, so I've decided to take it more seriously :) I'm a recent college grad from the bay area who's been in industry for about 1-2 years now and I'm really interested in setting up a positive, reliable cashflow for myself to reach financial independence.

My background is a software engineer, but I want to end my 9-5 and start working towards wealth and financIal independence.I recently moved to Chandler, AZ and would love to meet some other wholesalers and potentional investors.

Or you can go out and increase your business and spend that time on something that is either financially, emotionally or spiritually more profitable with the calm and peace of knowing that your taxes were completed properly.

The math is easy: nothing/zip/nada/zero.Conversely, if you change your tactic and start making offers at say 75-90% of list price, and actually pick up a couple of fundamentally sound properties as a result, how will that change your overall financial picture?

Review the financials, rentroll and leases.

The estimated mortgage is cheap enough that even if I didn't have any tenants, it wouldn't really be a financial burden, and would actually be only marginally more expensive than renting commercial space for my growing business.

My first deal was for a 225k house that was in terrible shape; conventional financing wasn’t possible, so Seller had to have an all cash buyer or come TO TERMS with acting as the financier...