So, I decided to use this as my base line.

Inspection cost-  Call an inspection company and askLender fees-Ask your lenderClosing cost-This is not a fixed cost, transfer taxes and title insurance are variable based on the transaction cost, transfer taxes are $4.56 per thousand of the purchase price on the deed, negotiable as to who pays it. 

Hi Ryan and AndrewWe are based in Australia, have a small interest in US but want to grow this. 

I purchased the condo based on the assessments, and then when a significant special assessment was levied, I could barely keep up with it. 

I'm from Cleveland and based on what little I know about that property, I'd steer clear. 

(I have however signed up for the Robert Kiyosawki free 2 hour 'intro course' on Friday in Kanada (Ottawa) Ontario on Friday if anyone else is going there).Best think I would think would be to get active in the forums, try out the calculators to see how they work, if you are excel savvy, you could do up a base estimate sheet fairly quickly.

For an 800sqft house, us its value based on the lot or the house?

All expenses and gains flow based on ownership percentages. 

The area seems to be a stable economy that is supported by the Air Force Base that is near by as well as some industrial type companies.

As you can see there is too much equity - based on a 30% down on each property I should be able to cash out a good amount of equity and go buy something and repeat.