Good luck drop a line if you have any questions maybe I can help.Jim

My only concern is the person is asking for a little more than the assessed value of the property, which has been dropping ever since 2008.

I've seen multiple 10% down programs for investment properties and you could use a concession to get a 2-1 buy down with that to drop your rate if you find the right property. 

We plan on reinvesting a portion of the profit into marketing to hopefully reach our goal of 4 flips in 2016.Please pardon me for name dropping, but I also want to take a second and thank some of the people whose comments and/or posts I have been following over the last year and a half or so.  

Lots of room to spare on cash flow, even if rent dropped a little you're still going to be ok.

In this PC culture, it was recommended for everyone to drop that word and use "Housing Provider" going forward.Seems to make sense, which I'm going to do.

His mouth drops open over my letter saying send me your rents.

That drops another couple percent from the seller net; I guess the buyer can offer even more to compensate.

Assuming we can get 1300/m upstairs, our portion would be 1230 until we could drop the PMI, which we're fine with.

Drop out and jump in feet first and be prepared to lots of money...