@Rino Illiano, on the surface, yes.But, I guess the point of your question is either:How do I calculate net cash flow?

It doesn't really make any difference where you get the rest of the money from on the surface - hard money lender, bank, etc.

Make sure the property's condition aligns with what you're comfortable with.Market Trends: Keep an eye on the real estate market trends, just like you'd follow fashion trends for shoes.

People moving out to French Valley go there for lower prices, so as long as you keep the rental rate down, you should be able to secure tenants in a timely fashion.

On the surface, it appears that you're only making partial payments on one property, and then moving on to the next property by adding another mortgage that you're still responsible to pay for with interest.

The new surface pro laptop?

Mold on every surface on the first floor.

So with lots of cash I would, if you can I have never heard of what I am about to say, I just thought it up, you buy with cash your properties, then you sell owner finance at a little higher interest rate than that of good credit borrowers bank will lend to people that can't get a loan the old fashion way but can afford to buy a home.

Oil/Gas companies use directional drilling to drill 1,000's of feet under surface. 

You can ask other investors who sell homes retail (in the same fashion you are rehabbing too).