The market where I live is pretty slow so I figured a good selling point may be to offer owner financing.

In the state of Oh you need to figure on spending about 4000.00 to get you paper.how long dose it take?

I've read that some folks believe in a small negative cash flow for a year or two if the overall deal looks good but I figure I'm taking enough of a risk if the property ever sits empty a month or two so I look for properties I can buy with 5% down that then support a positive flow from the get go.

I would like to figure out a way to fairly share the utility costs with the tennants.

Figured most could be used for the purchase, and some for the rehab.With the softening market, a realtor friend has suggested renting the property for at least a year.

I am still trying to figure out what is effective.

I have a property I am trying to figure out a way to make work and would like some input.

I can not figure out which investment to make next.

I've been analyzing the numbers from the example deal from the Bird-Dogging 101 article here:http://www.biggerpockets.com/articles/bird-dogging101rb.htmlI'm using a spreadsheet, and I can't seem to come up with the numbers that he has mentioned...specifically the "Additional (Not covered by loan) expenses: $7,500.00"My understanding of this figure is that it is the difference between the loan amount, and all of the expenses.The loan amount was $105,000, and the expenses were each of the following:Acquisition Cost: $7,500.00Repairs (estimated) : $9,000.00Four month Average.

I haven't made a deal yet...but I just figured out what step I was missing!