It's a simple concept made into a more complex strategy for the benefit of gurus, wannabe gurus and others making a business out of working with new investors instead of actually dealing in the dirt.Why would anyone want to find a property and limit themselves to selling to others in real estate, that's just limiting your market!

I would cut my losses and find a more profitable property to learn from.

I have no problem covering the PITI, but I would like to move on to a more lucrative project because this house will not cash flow.

I have to disagree with Dion, he is a broker and has been active I believe on a more istitutional side pehaps individually.

If I don’t succeed I can’t ensure what the job market will be when I need the income in 2014.Obviously I would like to have more experience under my belt before starting full time and have a more established network to feed me deals but my main thought is that if I don’t take this opportunity now when I don’t need significant income in the first year to jump in I may never do it.

The profit number is correct, assuming your other numbers are correct.In other words, in my excel column remove: Agent Comissions, and Selling Title/Closing Costs and it will be a more accurate depiction of investment ROI, correct?

Key question is do you want to own the property yourself or are you willing to pool funds with other investors local or not to invest in a larger property that might be a more quality asset??

Please give a better description of what you have been getting done in terms of renovations, and I'll bet that Steven Hamilton II or Charles Perkins will give you a more exact answer.

In fact, they will be making principal and interest payments higher than had they put in a down payment of some amount.Now, if you ask landlords would they place a tenant with a $0 security deposit - that I think might be a more fair comparison.

The 100/sqft ones were mainly in early to mid 2011, 100k/unit (mixed 1br-2br) also was in mid 2011.This particular house is in a more commercial and less desirable part when compared to some of the other comps.