I guess that would mean, if my calculations are correct (go ahead and check them), if you sent "mailing" to all 100 and only got two responses that is only 2% of returns.

.- Monthly Maintenance Fee of 760$ - Seller is claiming that this fee cover pretty much everything except inside the property… the insurance on thru HOA is enough for most banks… also cable/trash/grounds/day-night security…I prepared 2 Reports using Bigger Pocket’s Rental property calculator a) With 100% mortgage b) With 75% mortgage.During the preparation of these Reports, I considered the potential future expenses by having the following assumptions.

My husband and I have been looking for properties (rentals & flips) but cannot find any that fall in between the standard investment calculations.

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!"

You could if they could easily be sold in 30 days on the open market.. but the locals they aren't going to over pay they are going to do what you did buy for 1 k and put 8k in them and have the same house for 9 to 10k... your all in 20k house is ( as us lenders like to say) bulk value or true wholesale value worth 10k maybe.But again its fun playing monopoly,, lets get a report after you have owned them 24 months.. that's what will be the telling sign.. you will have half your money back.Plus what most investors fail to put into their cash flow calculations is your cost to travel there and your time and effort to analyze this and then coordinate rehab.. and you have gone through what most do in Detroit ( already fired one PM) PM's that work in these low level areas are tough to find.. and many end up just walking away with the owners rent.. or lying about if they are rented or not...

Going off what I see on websites such as Zillow and redfin, then plugging the financials into the BP rental calculators it has been a bit discouraging.   

Let's look at the rates and differences and what I'm trying to make my decision on:FHA 3.75% interest3.5% down.PMI through the life of the loan.Higher insurance premiums.A little higher mortgage payment.Conventional fixed rate4.25%5% down.PMI drops at 20% loan to value.Lower insurance (me and the lender calculated nearly $100 month difference roughly)Slightly lower mortgage payment.Now with this information I was provided the conventional is a no brainer as over the long term and beginning costs are less. 5% down is my max for down payment I can do in order to cover all other fees to seal the deal.

First I recommend running the property thought the flipping calculator here on BP. 

According to analysis by Ben Leybovich you should calculate about $150 - $170 per unit per month for capital expenditures over time (boilers, water heaters, flooring, roofing, siding, etc, etc) for buy & hold properties.If your $600 is missing some of those items you might be in trouble.Hopefully, you've used the BP analysis tools (free!)

My remaining issue is the tax implications of owning the property, I have the property tax covered with the calculator but I am concerned about the capitol gains tax.