Annual rent ( Rent paid by current tenant and rent paid by myself while living in vacant unit) - Estimated Operating expenses (prop taxes, insurance, utilities not paid by tenants, R&M, etc) - Annual debt service on 1st mortgage loan - interest for the private party loan = what’s left over for investorThat’s the easy part.The exit value will be much tougher to estimate and will be dependent on where you think property prices will be at the time you plan on moving out.

Eventually, I want to scale my operations to a level where I own big cash-flowing apartment and commercial complexes in cities all across the United States and possibly in other countries as well. 

Eventually, I want to scale my operations to a level where I own big cash-flowing apartment and commercial complexes in cities all across the United States and possibly in other countries as well.

It does not matter where you start as long as you develop your Core 4.

I am a former CFP and financial advisor who's now working as head of accounting/finance at a 500 unit multi-family operator and developer in LA who specializes in Section 8 tenants. 

@James French Hey James, I live in Lenexa, my W-2 job is a heavy equipment operator, I have over 15 years of experience in grading, piping installation, tree clearing, and any other activities with a bulldozer, skid steer, back hoe and loaded.

If you're going to use an LLC, you'll need the EIN letter, W9, certificate of good standing, articles of formation and the operating agreement. 

Cash flow can at least break even the operation cost, with about 5% cap rate for SFH. 

He shares his systems and processes to find deal finders/wholesalers, real estate agents, lenders, property managers which he calls your core four.

Once you have successfully wholesaled some properties you can start deciding what the minimum will be per assignment or other criteria you want to operate by but in the beginning I would wholesale anything that you can make money with.In regards to leads; wholesaling is mainly all marketing.