I've been tinkering with the idea of going back to school but not too sure yet.Here are some tips:If you aren't sure how to use the @ sign, go here to learn how to use the mention option (@)If you find something helpful or a bper answers a question you had, go ahead and use the "Vote" button to show your appreciation.

Am I not going to go ahead and turn around and do the same thing that the wholesaler just did and make a profit too.

The foreclosure I assume will now still go ahead. 

This way if something goes up and something goes down hopefully you are still ahead some.On the flip side there are those who say invest in what you know and are an expert in.

This isn't a Lease Option.It looks like her calculation is based on a repayment in loan of the full 80k...and not the balance of 75k...like your 701 reflects.If you are putting in 5k to start...and end up paying the 3k in rehab to get the bottom unit flowing, and you get both rents, you would be ahead 850/month...which would mean you wouldn't break even until the 10th month.  

Welcome and congrats on putting your purchase criteria down in writing, you're a step ahead of a lot of investors.

If your net, after-tax return is better than other investments the IRA could make, then you have come out ahead.

Spirituality helps me, I don't know where you stand, either way have faith in yourself. 

I have some work ahead.

You're a bit ahead of me concerning the rentals, hope to be closing on my first duplex soon which is exciting.