Go figure.

Now, if the lender considers 75% of the $5400 rent, about $4000, against the payment, you would only need a third of that income, about $85K a year or so.Again, no idea if that's how it really works or not.The $720K figure is based on the $800K price, less 10% down payment.I believe there are programs for owner occupied properties that would let you get away with less than 10%.

Figure out which properties have houses on them.

If I don't figure this out, my business model of buy and rent back preforeclosures is shot.

Very True Dan, so many people including myself figured that an abandoned house would be an easy catch.

Can you give me a ball park figure."

The end buyer's money is used to fund both transactions.Another approach is to create a company, have the company buy the property, then have the end buyer buy the company.There are also some lenders around who'll do a loan for a day or two to let you buy it then resell it.Have to have a cash or hard money buyer because a conventional lender won't fund a deal like this.Need to figure out what its really worth.

Then, you'll need to figure out the "present value" function.

Consevatively we figured 50% for expenses which we know will most likely be much less so we should average 180-300 positive cash flow.

I wouldn't mind flipping a couple houses along the way....After I figure out what I'm doing that is.