Here is what I put in the calculator - - 20% down of $220,000 so my down payment is $44,000 - Purchase closing cost of $4,000 - The mortgage rate of 4% with a 30-year term loan - Property management fee of 10% a month - The rent charged for a month $1,650 - Property tax $220 a month - Insurance $77 a month - Repairs maintenance a month 5% - Vacancy rate a month 5% - Capital Expenditure rate a month 5% - The tenants will pay electricity, sewer, gas water, HOA fees, and garbage Can someone tell me If I miscalculated something or did something wrong?

Minor plumbing, run water lines, tub and shower drains to mains, sink and toilet installs.

settlement charges 2,607.00 (include 2019 taxes 1,240.00) / Closing cost1,800.00 ( why are their CC on a cash offer) / 919.00 half of 2020 taxes / and 1,000.00 water fee hold.

Or you come up against a property where the unpaid taxes, water bills and code violations far exceed any reasonable price for the property.

There were a few surprises in the house that brought it from a home run to a solid base hit (electrical, plumbing, foundation, water, concrete, etc...) 

I would pick plumber over handyman any time you are dealing with water.

In the 2008 crash had to move out of state and the prices were under water.

He says there’s some small water damaged wood underneath the tub.

Purchase: $115,500 including closing costsARV comps recently sold (2020): $170-$190KRent:$1100-1200Cosmetic Rehab: $18,000Repairs: $12-15K Because this is sold as-is and is an old property, there are repairs that need to be done such as foundation bracing, sewer clean out (inspector couldn’t get passed tree root build up), load bearing beam replacements in basement, electric panel replacement, gutter/fascia replacement, And a new water heater. 

You can go in to careers that don't require college, such as water treatment plant worker, or you can get an education and go into management like I did.