Here is my math on such deals from my learnings :Loan - 65k ->  monthly mortgage -30 yrs (appx $310 @4%) + Insurance & Property tax add appx $200/ month = $510+8-10% property management fee if you plan to give to PM = - appx $1005% maintenance  - $600/ yr  (appx $50/month)I would add 5% Misc - $600/yr (vacancy or any pending utilities , civil fines) (appx $50/month)  1000 - 710  = $290 +cash flow   =  income of ($3,480) / yrbut here is the curve ball - lease expired and make the unit rent ready for next tenant you will be spending $2 -$3 / sqft (if you have 1000 sqft unit - $3000 ) so you are left with $480/yr on this unit.its upto "your skills on where you can tweak the margins" and make it profitable - forecast vs actuals are always way off .Hope this perspective helpsHappy Investing!!!!

@Dave CamposI believe number one you should recognize what your skills are and what you bring to the table for a partner.

A massive skilled blue collar segment which as some may know is "the" cream of the crop investor base.

What are your skills, your goals?

So I am a 27 year old single dad looking to begin my lifelong journey of my passion I've always thought about going forth with it but now is the time I would like any help or advice as to where to begin I have strong skills with being able to fix anything in the house I have many years of Maintenance experience and I know I probably will have to buy and sell a few homes before I can buy then rent but I would greatly appreciate any ones advise as to where they may have started and what was successful for them or what I should not mistakenly do I have the passion and the drive I just needed a hand I am currently working with $10,000 sitting in my savings and a credit score in the 700 range PS I'm in Rockford Illinois

This will also help you stay focused and to not give in to a make a bad deal work.One of the most important skills of an investor is deal analysis.

Most of my time is spent doing repairs on the house we're living in, but I'm interested in working on a rehab to rental project this year to add some equity and improve my personal skills.

It was a decent space and location, but I could tell the host had no customer service skills or attention to detail and it was a complete money grab. 

I made really good money and it taught me skills I use to this day.

My plan is to use Bigger Pockets as a tool to build my knowledge and skills to better prepare myself for when that time comes.