Sorry for my ignorance however, I must ask this question: Does anyone know the difference between "Purchase Closing Cost" and the "Sale Closing cost (not including commissions)" entries on the "Fix and Flip Analysis & Reporting Tool" in the Bigger Pockets calculators?

, but it seems like if someone wants to make it BIG they have to leave for a bigger city/market, and trust me I want to make it BIG (10X). 

Also, if walking a block or so to the beach is okay, you could probably find something out of the flood zone just about anywhere.

Haha....I have one on John Street by the University (practically on top of the Expressway) and I have one on the 1100 Block of South Harlan.  

Areas in this city can change from great to rough and back to great all within a few blocks.

I am new to bigger pockets.

At the new music school, it was a much bigger undertaking.

Expenses: $2,294.76HOA/ Management: $8,267.40Total Expenses: $49,005.15Net Operating Income: $50,750.25Rent RollMONTHLYTOTAL:$7830The Issue I am asking about is that there is a 600 Unit apartment planned for a block away.

Since you have a laptop and have joined Bigger Pockets it's now you, your laptop and about 900,000 of your new best friends.

Whereas with a car- you could sell the car and STILL have debt.You could always do a mix of both- pay a HUGE down payment to have a bigger buffer between the home value and the mortgage + have a lower monthly payment.Regardless- even though it may be preventing you from buying RE at THIS MOMENT- you are doing a great job financially being completely out of consumer debt!