I can give you only a formulated answer since I don't know the condition and the age of the house, nor the niebourhood's desirability.Based on the 2% formula if you buy the house for $44,000, you need at least $880 in rent, but I would treat that formula with a grain of salt.

. % of imp goes down as property ages.

Same thing – you show them the property is a cash flow king and they will invest – as long as you have the right doc’s / plans in place3.Yes it can be done I have been offered as much as 50% of the brokers commission or to turn that %age into a piece of the deal.

If you're trying to re-sell or flip, then more info would be needed by me to give you a #. age of property, your purpose in owning-cash flow or write off and wealth building, etc.

Freddie forgot to mention he has a family of investors from his lovely better half who does an excellent job of keeping him in line to his kids who are some of the best Cashflow players I've seen of any age.

Unfortunately, in our information age, it is difficult to be "invisible".

On the flip side, having an English degree got me used to the idea of never making real money as an employee and pushed me into investing at a very young age.

Please tell me which of these you DON'T consider real issues in this day and age.1.

(about $800-$850 rent for this size/age house).

I have 2 buildings in Chicago, both 100 units, both the same size, both the same construction style and age and quality.