Hello all,A little background, I have recently graduated college (1 year ago) and have been working as a mechanical engineer now for about 8.5 months.

Lessons learned?

Lessons learned?

after pulling equity out $210,000 (cash out refinance), property is cash flowing over $300 per month with appraised value $350,000 Lessons learned?

Lessons learned?

As stated we are Old NW, off 7th street near Grace Warner elementary, MaeAnne/McCarran shopping, UNR, etc, so think we have a good chance of getting a young family or some college renters as well.For 3 bedroom SFH, It seems like the cheapest room rates are in the $600 range, $700 a room is what I see most, and the nicer luxury properties with large garages and bigger yards are in the $800 a room range.

Lessons learned?

As soon as the listing agent got back to me, I had my agent write up an offer that was my highest and best offer.Numbers:Financed 20% down conventionalListing Price - $125k, Purchase Price - $130k, Appraised for $133kSeller Credits - $3kRehab - $13.4kAll in - $43kCurrent rent - $1300Pure Cash flow - $260, CoC Return - 9.7%Lessons Learned:1) Don't get too caught up with the numbers - Started analyzing deals in this market in February and found properties that were very close to my minimum criteria.

Numbers:Financed 20% down conventionalListing Price - $125k, Purchase Price - $130k, Appraised for $133kSeller Credits - $3kRehab - $13.4kAll in - $43kCurrent rent - $1300Pure Cash flow - $260, CoC Return - 9.7% Lessons learned?

My son is currently going to college for a PHD for math and he developed his own Excel spreadsheet and he did his own numbers many times.