With that said cash flow is one piece, and principal reduction on payments is another.

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. 

Please let me know if I'm not including any expenses or missing something key.Property Details:- 3 / 2, 1374 sqft, $89k askingExpenses ($802)P&I: $369Tax: $188Insurance: $70Utilities: $50Vacancy: 5% ($62.50)CapEx: 5% ($62.50)Total Investment (Down Payment + Closing + Repair) = $25,499Rent = $1250Cash Flow = $448Cash On Cash ROI = 21.08%This is a single family home in an area where I've competitively estimated the rent (Most units running between $1150 and $1450). 

I also own all of my vehicles so I have no car payments and low insurance.

., 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).

Also, get construction loans that convert into a mortgage so a worst case scenario you can make payments instead of worrying about a balloon payment. 

Hello,  Y'all, My mother took over the delinquent tax payments to save the home.

It’s only been a month with the new home and opening up the LLC.I hope that the payments I made to the contractors with the LLC account won’t negatively affect me with taxes etc.I’ll find out soon enough.Thanks again 

If you can get approved for a loan they will be happy if you make the payments on time.What specifically are you concerned about?  

I’m just having a lot of trouble trying to find a good house that will bring in the income i need without having to break the bank for a down payment.