Glad you joined the best real estate investing website!

My goal for this evening is to become familiar with the biggerpockets website and calculator.

Since you are living on site, you can keep a close eye on things and easily self manage. 

I am a relative newbie as well compared to many on this site, but I would glad to offer you any advice that I can to help you get started. 

The link to your personal website/blog was edited out of your first post since that is not really allowed outside the Marketplace.

I've been looking at picking up houses through the auction sites (Hubzu, Auction.com, etc) and I know that as the buyer I will be responsible for closing costs.

Just look up local rental rates on any rental website.

And ALWAYS follow up.Here are the numbers on the deal:- $108,000 Purchase price- $8400 closing costs- $70,000 Rehab Costs- $2,000 holding costs for two months (estimate is 5 weeks to completion but lets say two months, it wouldn't be so quick but equity partner is full-time GC on-site)- $274,900 ARV (Appraisal completed by bank)- $5,498 Selling Costs- $16,494 RE Commissions.Net Profit = $64,508 about 23.5% profit off of ARV.Now the fun part begins, I'll report back with pictures as we go through this.

My best friend told me about his site (but he's not a member lol).

Websites, Blogs, Social Media, etc.I am new to real estate and just starting out our real estate investing education.