Although, I have rented in this city for many years so I feel like I have a good idea what rent should be.Purchase240000Dwn Pymt %5%Dwn Pymt $12000Repairs0Cash Down0Cash to Close12000Monthly Rent2800Tax Per Year4750Prop Tax per month396Ins50PM150Mortgage1156HOA0Vacancy(10%)280Repairs(5%)140Total Exp2172NOI1784Inc - Exp(Cashflow)628Annual Cashflow7536CAP8.92C-on-C62.82% of Purchase Price4800Rent % of Purchase Price1.16

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

As you'll see from my profile (feel free to give it a look!)

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I feel comfortable about the location/price however am concerned about the general contractor part of things.

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

At this point it starts to feel like I am dealing with an automated system. 

The terms are below.Loan amount: $277,000Loan type: 30 YR VA Home LoanCurrently have $1,500 in debt.Location: Leominster, MAProperty Type: Two-familyYear Built: 1900Credit Score: 722Savings: $20,000Insurance: $1,500Make $66,000 annuallyWith that being said, I feel like I am being screwed.

Feel free to reach out and we can connect.

I work for a large GC right now and I feel like I have the experience to manage some sub-contractors myself.5. read that book asap!