As a personal example, I did a lot of the rehab work on one of my latest properties myself, saving me thousands of dollars and teaching me some great handyman skills. 

For example There was condo for sell listed under 59K , and I was surprised it was sold for something around 40K , and the condo seem good.

So as you can see in the example, it only added $125 to your liabilities or may have contributed as much as $225 to you income.

The way I ran my numbers was to cover all my costs durIng peak months with some profit and then extra profIt durIng the off season.Few Example expenses:Cleaning- needs to get done before every new renter.

This is just an example but let’s say someone makes $300 a paycheck and the mortgage is $500 should I take risk on the rental property and trust it to help me pay the mortgage assuming it cash flows.

For example, in WI they are typically due annually, however, in FL I've seen taxes due in two separate installments.

One good example of this is that the new 74 (Independence Blvd) opened and suddenly Idlewild area exploded because there isn't one stoplight between uptown and Idlewild anymore.. it flows well, and we've seen prices triple in that area since 2011.

For example if I wanted to run an ad looking for potential sellers would I run into any legal trouble without a license?

He brought up a 60% Heloc Strat....Example given:$100,000 3/2/1 SFH$1,000/ Month Rent Rate30yr Mortgage 5.0%Option 1: 20% down20% down 20k, Mortgage payment of $430/month+$245/month expenses, cash flow $325/month ($3,900yr) + est $1200 in equity payed down... for a gain of $5100yrOption 2: 60% down60% down 60K, Mortgage payment of $215/month+245/month expenses, cash flow $540/month ($6,480yr)+ est $480 in equity payed down.. for a gain of $6960yrOption 3: Heloc 60% strat60% down 60k, Pay Mortgage payment of 215/month first 3 months, then apply for a 15yr HELOC ~5% for the 40k remaining of loan.

Since I am a numbers person, I like to look to be able to compare scenarios to help build my strategy, but I have found it difficult (even hired a wealth strategy consultant) and have not been able to find anyone to give me such examples and scenerios.