I shall also avow to disassociate myself from those negative boards and not allow them to take me down.I now see why the folks here are busy and I cannot expect country deameanor from city folks as well and nothing wrong with that.

I understand what a "regular" option is, like a lease-option for example, in which I would be required to put down a substantial sum, like thousands of dollars, and that that money is non-refundable, and that I would also be expecting the house to appreciate in value as I bought it for close to market value.

If so would there be any out of pocket expense that I can expect?

Obviously people arent going to flock to the house but (I know there are alot of questions and answers here, but im just looking for general information, im in the process of getting a bunch of literature to read) what can I expect to pay (assuming I get a 100% loan) out of pocket to get the rental property started?

The unexpected, Always expect it.

I expect to learn a lot and look forward to further investments.This site has some great content and exceptional posts to assist newbies.Thanks.

The things that seemed to influence the lenders is credit worthyness and proven track history of being able to perform to the expectations.

Is this the norm, or should I expect positive cash flows before taxes are considered?

All expecting to make the fast buck, to get the life they see on the infomercial.

However, if the market changes and you can suddenly rent this same property for $900/month, there is no reason to expect that expenses would suddenly become $450/month on average over the long run (unless, perhaps, property tax increases as well -- so it's not 100% clear cut).Point is, it's a estimator.