I have had this burning desire for a couple years to start back flipping homes and then would like to rent for positive income to fund my flips.

. $804.03 PITI $41.67 Sewer bill $146.50 Property Management (self) $146.50 Cap Ex $73.25 Vacancy Rate+$58.60 Utility/Misc$1,270.55- NOI-$1,465- monthly rent$194.45 Net Profit Income per month x 12 months = $2,333.40 Annual Net Profit IncomeTotal Deal Appreciation: $14,000- (38.25%) ARV was $101,000 Depreciation: $2,345.45- (6.3%) Amortization: $984.58- (2.68%) 1st year loan pay down Cash Flow: $2,333.40- (6.64%)*Property Management: $1,758- (5%) I self managehad script issues with bp website, could not rotate pics.     

         /  -$2150 monthlyRent per month: $3050Expense per month $2840Net Income: $210You would profit, but not exactly to much for the work it'll take. 

I am looking to get passive income or to flip a house.

The condos appear to have good rental income.

They were a little young, but both were college-educated, well-spoken and very confident they would pass the background and income verification check.  

I am a small-time landlord with 6 SFH rentals, all of which were purchased to be rentals (retirement income - I spend an inordinate time worrying about retirement lately) and all have been rented since purchase.  

The good part of this is that it's a pretty good job, so it will allow me to have a fair income/cash flow to put towards investing.Otherwise, I'm a quick learner and fairly good with finances but I'm not bringing anything to the table in terms of knowledge about construction/building/renting/etc. 

My tuition will be taken care of, but that leaves me with nothing left over for living expenses, so I'm hoping to have continual income from a place I'm familiar with (in this case the city I grew up in) while being otherwise able to focus on my studies.

I recommend having a reserve of at least 1 year of you current income plus any marketing budget you may want.