But you gotta do your own math. 

The problem with raising your rent and covering the oil bill is that no tenant does the math like that. 

The math worked, cash flow worked and heck I had just bought a truck that cost more than that so all else fails I could swing it.

The math worked, cash flow worked and heck I had just bought a truck that cost more than that so all else fails I could swing it.

Most MLS properties do not cash flow if you're not living there, by my math... but a handful have.

You will want to take a careful look at that math.

I have been doing the math, using the BP calculators and found two properties that are 2% or just under.

-- the only real difference in the above two calculations is a subtraction symbol is replaced by a division symbol, and you get wildly different results.Doing math "your" way is actually a thing, that $1000 left over is called "residual income" by us, and there are some loan programs that require it in addition to checking the DTI box.

Also do the math..

Here is my math-Purchase for 5,000 Plus any closing cost Renovate for 15,000Sell for 45,000 (similar homes sell for 39k - 50k)Profit 25,000Should i get a conventional home renovation loan, or get investors to cover the cost of renovations?