Note that this is not 2% return on your investment because you are not investing $100,000 (you are only investing your down payment, which is hopefully very small).Thus:GR = DS + E + CGross rent must equal the sum of debt service, expenses, and desired cash flow.GR = DS + .5GR + CThis substitution is possible because E = .5 gross rents, as already defined above..5GR = DS + C.5GR = 1000 + 150GR = 2 * 1150 = 2300Now, all that said, this is largely a useless exercise.

Often, that type of buyer will pay a higher price than true investors, as long as you can show them a small savings off retail.The second involves positioning the property as a unique opportunity, and works best when the property has some special feature or location.Both of these are heavily dependent on aggressive and effective marketing.

That COP can be sold, if desired.

They are year leases, which is typical for all the rentals in this unique community.

Why the desire to post them all over BP?

sounds like you need to stop beating yourself up and take massive action, keep at it until you accomplish what you desire.

The properties are in extremly desireable areas of the Phoenix metro area(3,000 sqft. in Chandler & 1700 sqft. in Gilbert).

-purchase price-desired profit (I plan on $10,000 for any investment up to 30k and an additional 5,000 for every 30k after. ie 30k purchase price I want to net 10k, 60k purchase I want to net 15k, 90k purchase I want to net 20k)= Maximum allowable purchase offer priceHere is a sample deal on one I am in right now.Purchased property for 52,000 (reo)inital closing costs including inspections and appraisals 3600renovation costs 19000holding 10 months @ 750 a month ... 7500Conservative ARV $120k minus my 12% (see above)arv 12000012% final costs 14400holding costs 7500renovations 19000purchase price 52000estimated net profit 23100I wanted to make atleast 15k because it fell between the 30-60k range for inital purchase price and if it sells early great, but I always start with talking to an appraiser and seeing what the conservative ARV will be and go backwards from there.

The only difference between your situation and a young friend I know who bought 7 properties in the past two years is 1) MBA 2) His father and mother' s money 3) plan 4) desire to quit working as a bartender.

If they have REOs it could be because the property was not very desirable or because the junior liens made it not a good candidate for the initial foreclosure auction.