Gross rent per month is usually the only figure that's calculated as a percentage of purchase price (to firstly see if it meets your investing criteria eg. 1% or 2% "rules"), whereas all expenses are then (usually) worked out as a percentage of rent - not purchase price (eg. the "50% rule")!

BP is a great place to learn, meet people, etc.

In any other situation they would have passed on the business as it didn't meet their minimum deal size.     

I'd encourage you to join your local REIAs if you haven't and take a look at The Ultimate Beginner's Guide.

Presenting my plans would be much better than trying to explain the whole non-traditional investing process.Good thing that came from our meeting is that he and a few other doctors are looking to buy about 10-20 homes to use as group homes.

Hello,I just joined BiggerPockets and wanted to know why I cannot put the actual purchase price of the flip in the analysis sheet.

Goal is to buy at least 2per year or have 10 cashflow rental properties within 5.Are there regularly meets in the Orange County area?

Great to meet you!

I joined biggerpockets a few months ago and have been studying a great deal to prepare for my first REI.  

I've completed the BP getting started modules, I just purchased the BP flipping houses book and I am going to my very first REIA meeting in 10 days in hopes that I meet some really great people that can help me with my Real Estate career.