However, when taking the most recent month's performance and annualizing it, the NOI then becomes positive by several hundred thousand dollars.

This would allow me to be cash flow positive.

However, even with great competition, but a greater market understanding and patience for truly good deals, I think this is a better position to be in.

Those skills combined with all the information and resources here on BP (forums, blogs, podcasts, etc) put you in a great position.

In the end I suggest you simply be assured that you will have a positive cash flow that covers the value of your efforts with a profit and a low vacancy.

This is my situation: I've been recruiting for the National Guard for 7 years, I don't plan on leaving that position unless I can replace it's income (80K Gross).

I plan to take out a loan from a bank to finance the first FLIP, i always read bout Hard money and OPM but all of that comes with vERY VERY HIGH INTEREST RATE or knowing someone who will be willing to drop cash with some body with no experience or track record (I do not have the luxury of knowing someone).Anyway I am here to take any advice on my journey and I am excited!!!

For my goals and position I've settled on local multifamily as working for me.

Great thread, I am in the same position since I work OCONUS and my company pays for my housing.

I have to admit, when I hear the word "Guru" - the first thoughts that come to mind generally aren't positive either.This got me to thinking, what exactly makes someone a "Guru"?