LTV means loan-to-value"LTV with purchase price and repairs" means what you paid for it plus what you're paying to fix it, NOT ARV, after-repair value.

Some info that perhaps will help with your answer:- The duplex is paid off, purchased 2 years ago with cash - $525k.- Arguably the best location in the city, so appreciation is pretty much guaranteed.- In the past 2 years it went up in value approx $100k without any work.- I'm a buy and hold investor, usually hold for 20+ years.- Being paid off and after all expenses, cashflow is $2,308/month.Here are Investment Returns after calculating rents; taxes; insurance; capex; maintenance etc.The columns are: Year 1, 2, 3, 5, 10, 20, and Year 30. 

We paid $375K with seller giving us $4000 towards closing.

That’s almost double what I paid!

But there isn't a lot of calculation involved, other than figuring out what your payments would be on different principal amounts, and any widely available online mortgage calculator can do this for you in two seconds. 

As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

That being said, many of the courses from the MA in RE degree you outlined are offered online and in person in NY.

You can also check their reviews online at Google, Facebook, or Yelp.

I came across a turnkey companyhttps://2020realestate.com/ online and subscribed their mailing list.

It should explain when you can expect to be paid.2.