Without a contract you essentially have nothing.  

Budget out non-essential expenses to get started if needed.Then I would help pay my child's reasonable in-state tuition with property cash-flow.  

Essentially, I will be paying almost $379700.99 for a home that costs 225k.

He may just be making sure I know, or he may be hinting at something else.)Any help, suggestions, or foreclosure horror stories would be greatly appreciated.Other Numbers:Total rent revenue will be $2,000 a month if all three units are full.My general contractor suggest all of the repairs will be about $40,000 to $50,000.  

However, they are talking about the rates coming down to below 10% in the next year or two.However, I did hear from one bank that they are offering to loan out 40% of the value of a property only if that property is revenue generating.

I ended up generating $107,000 in revenue and about 18k in profit (I learned I was better at closing sales then I was at running a paint crew!)

If I wanted my wholesale fee to be $200, I would need to advertise for $1100+Closing cost because the initial earnest money that I put up for $100 is essentially gone and out of the picture, right?

i talked to my financial adviser who oversees the account at fidelity and they said i could withdraw but would take a 20% federal tax hit a 10% penalty and then another % based on what ky state taxes are for withdrawing out of your 401k. so essentially my $30k would be nearly halfed if i went that route. i have also looked at getting a H.E.L.O.C (home equity line of credit) for the $40k+ i have in my house but we are currently adding a wet bar, cigar room and renovating a bathroom so i would need at least another 3 months before i could H.E.L.O.C.what do you suggest for me and my co-worker We are both in northern Kentucky. 

While the people spearheading the turnkey provider companies seem to have good reviews (through BP at least), there are a couple of things that concern me.Basically, I have heard from at least one provider that they are essentially "guaranteeing" some equity within the properties upon purchase.

My 10% vacancy rate is essentially covering that ~1 month a year that I might need to find my next tenant, as I think it is unrealistic to assume I'll always find my next tenant prior to the existing lease ending.Spokane rental atmosphereAnd as for the utilities, I based those on the actual rates that the Spokane utilities company would charge.