My name is Yanique Berry and I'm an R/E Agent residing in Bed Stuy, here to network and form relationships.

I have Excellent credit and ample funds in case of repairs etc.Also the home is in a very good area (close to schools about 1500 sq ft 3 bed 2 bath) Also my brother and father are contractors so that always helps for future maintenance.I thought without paying any realty/ closing fee's this could be a great and profitable way to get my first single family rental going.Any advice/ guidance would be appreciated!

I would just look for other apartment comps that have the same beds and baths.

Looking at a deal for a house in Northern VA (4 bed 2.5 Bath) that has roughly 365k owed between the initial mortgage (250k remaining) and secondary lien for (115k).

It's currently a 4 bed, 1 bath, no kitchen house.

Let me give you an example of a south suburb property with a county voucher using all cash to not complicate the ROI's using leverage.South Holland, IL Ranch SFR 4 bed 2 bath 2 car garage 1,800 SQFTPurchase Price From Stabilization Trust: $55,000 (distressed)Rehab Costs: $45,000 (result is over improved rental highly sought after in this market)Overhead: $10,000 (i have $1.5MM in overhead for salaried employees / business operating expenses so i charge $10k to each house i buy)____________________________________________Total Cost: $110,000County Voucher: $1,900 per month (HUD's zip code pricing matrix pays $2125 gross for 4 bed voucher tenant minus utilities $150 per month (tenant pays) minus tenant qualification variations is around $1,900 per month voucher$1,900 x 12 = $22,800 gross income-$1,824 Property Management Fee (8%)-$900 Sewer / Trash / Misc (tenant pays water, electric, gas, landscaping)-$4,500 Property Taxes-$1,000 Property Insurance-$1,140 (5%) Vacancy-$1,358 (6%) Maintenance__________________________________________-$10,732 Total Expenses$22,800 Gross - $10,732 Operating Expenses = $12,068 Positive Cash Flow$12,068 divided by $110,000 cost = 10.90% CAP RateMy positive cash flow each month is $1,000 after 11% reserves (now remember i have HUD guaranteed income and most of my tenants stay 3+ years and the house is freshly rehabbed so my CAP rate for the first three years is really $12,068 + $1,832 as i don't spend my reserves on vacancy and maintenance which equals $13,900 NOI divided by $110,000 = 12.63% CAP rate.

J, Hmm...Going to bed whenever you feel like and waking up whenever you want, I loooove the sound of that. 

Getting owner names, mailing addresses, beds, baths, etc from the county assessor varies a lot by county, and often involves a fee.

Who's on your team (Finance, Broker, Accountant, Attorney, Inspector, Contractor,etc.)Investment type you will target (residential 1-4, multi 5+, commercial) Investment strategy you will focus on (wholesale, flip, hold, BRRRR, turnkey, etc.)Purchase criteria to use for all purchases (Cap Rate, ROI, COC, ARV, LTV, sqft, beds, baths, amenities, etc.) 

We are looking at starting small and building around a 1400 sq/ft, 4 bed/2 bath house.