Even though this has been a lot of posting, I'm glad that we're covering this topic in such detail.

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

You want their loan to cover all of this, so they don't have to come out of pocket at all, unless they choose to.

She could've skipped the whole degree and ended up with the job she has now.For myself, the degree definitely helped me get my job, and I make enough of a difference to cover my student loan payment and still come out ahead.But for me, my degree and current day job are just a means to an end.

(Use of end buyer's funds to cover both transactions).

This way I can relate to the renter and they know I not a greedy person I do anything I can to give them a better living at the same time they know I have to cover costs.

This would cover your part of the purchase so you could sell the same day to your buyer.

Mike: I'm currently getting things organized here where I'm at in hopes of being able to get a property under contract via an option, and then sell the option to either another investor or an actual end buyer and then take the profits from that and move to Vegas, so I can have a few months of living expenses covered until I get going over in Vegas.I've got a few questions that I'm going to need to ask, but I'll save that for another post!

, she signed some papers to receive a 1/4 acre lot of land as part of her parents divorce settlement - the land was in - a new planned community in Navasota, Texas.She forgot about the place, until about 5 years ago when we were asked to pay back taxes - We complied, paying probably 400% of the value of the property itself in taxes (We were not aware of any alternatives) - since then we have been paying taxes on time.We once went to view the land (there is no house) - safe to say the community never "took off" - there are a few houses enclosed in woodland, with the occasional manhole cover in the middle of the woods.

If you turn the "50% rule" upside down, it says the rent must be more than twice the P&I payment for a landlord to cover their expenses.