If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

Aloha E Komo Mai

Hi @Alan SalgadoI have used Daniel Cohen with E.

My PM handled everything, I just got e-mail updates.  

Here are the numbers; happy to hear your thoughts.Purchase price: $105,000 (with seller paying 3k of closing costs)Repairs and closing costs estimate: $22,000 (we are doing a 203K so this will be wrapped in the loan)Cost Basis: $127,000DP: $4,445 (3.5%)Loan: $122,555 ($557 monthly payment)Rent: $850 per unit, $1700 total, $20,400 minus 10% vacancy (high estimate) 18,360 GOIAnnual Expenses: Taxes: $4400Insurance: $800Property Management: $2,040 (10%) We will be managing the property ourselves, but we would like this budgeted in for down the road when we might transition to property management.R&E: $1,500 (roughly 7.5% of annual income)Capex: $1000 (roughly 5% of annual income)No water or sewage as it is on a well. 

Listen to all the podcasts, read e-books and make use of all the tools here.

Welcome Samantha,You are invited to attend the Olympia REI meeting tonight at 6:30 PM  @ Dirty Dave's Pizza @ 3939 Martin Way E Olympia Washington.

This income can be funneled through to your 1040 tax returns on schedule E as personal investment property or through the LLC that you set up.

Once you've owned the property for over a year and it begins appearing on your tax return, income or loss reported in the Schedule E of your tax returns will be used for future mortgage qualification.I hope that answers any lingering finance questions that were out there.

I am a new agent and VERY red with investment R/E but feel I am in the right place to learn, learn and learn.