The rate is based on an index rate plus a margin - I don't know which index and I would have to back calculate to determine the cap interest rate.

I have a very low income but have found a property that I have determined will cash flow.

The Fed can control short term rates, but the market controls mortgage backed securities and mortgage backed securities determine mortgage rates.  

Refine your goal and determine who you want on your team.  

Also, if an option is properly made and not determined to be an installment sale and they fail in a lease obligation, they may be evicted and will retain the option to purchase until it expires.

Lots of moving parts in your prospective opportunity.Obviously, you'll need to know the numbers and determine whether pursuing an Ohio property from A-Town makes any practical sense.Here's the rough format I use: PETIOProperty - need to know after repaired value and rough costs to repairEquity - need to determine all outstanding mortgages and liens of recordTitle - research record owner(s)Interest(s) - need to research, identify and contact all persons who have beneficial interest in Decedent's estate as heirsOpportunities - Determine best way to acquire or profit from the situation.

Forget the house.Look at THE LAND to determine it's highest and best use.

I think your very first step is to determine how much you can afford, and then go from there.

The cash you get would help determine what price asset you should take down next whether 50 or 150.

Yea I am a new wholesaler with a lot of years in the area and determined to become a landlord so if you are in need of places to scout or look out for what you are looking for