That's a HUGE profit per year.The other major benefit is that as a newbie, you are literally right there and it makes doing showings, collecting rents, and maintaining the property very easy.

RELAX ...It may seem odd, but the week leading up to it ~ I literally did no studying.  

Various fees and expenses add up to maybe a thousand or so more.

I would much rather refi a sub2 and continue to act as the bank for a good tenant/buyer, than assign the deal away for a few thousand bucks only to hear that they fell on their face a year down the road.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

@Mike HerbonSocial media is a powerful platform that have thousands of potential leads waiting for you.

Write down everything it needs then when you get home price out everything then add a few more thousand for the unknowns. 

You're entering something that can set you on a path to success or it can literally ruin your financial life.  

This time, I upped my numbers just a few thousand.

I think that if you are proficient with excel (not even proficient, literally just capable) I would build the model yourself.