I pay close attention to what they select (remember, these are investors themselves), what they say about the property, the area, the rents the property will yield (I check the rents against what the PMs say - the PMs tend to be a little more cautious on pushing the rent numbers and if you weigh an additional month of vacancy against that extra $75 of rent, you will find a 1 year lease may break even for the vacancy holding costs - so I tend to price a little low for an area).

Actually, its 20% down of $52k (so, 10,400).So the cash on cash return is: 59.65%I'm purchasing it for 52k, and will be able to rehab it for an additional 26k.

My parents offered to cosign this loan for me (can varify their income and both have 800+ ficos) but I'm also interested in purchasing additional property myself without any cosignersIs it possible for me to get a mortage under these conditions?

My goal is to generate enough monthly cash flow to quit my full time job and pursue personal business interests and additional real estate investments.

I've been advised that in addition to the liability protection an LLC provides, and in addition to the homeowner's insurance I cover on my rental property, I ALSO need insurance for the LLC that protects me from general liabilities that might arise....Sounds like overkill to me...thoughts anybody?

You will still pay tax on all retained earnings and depending on how well you can justify the retention as needed to conduct the business you may pay some additional penalties to "retain it".

In addition, the contract probably also states that the listing agent will cooperate with other brokers and offer a buyer's agent 3% of the total 6% commission.

There is a kitchen addition that settled and needs to be jacked up (its on posts not on cinderblocks, so my contractor said at most it should be 2.5K, not including the drywall that will crack when moved).

Finally, since the building is vacant, I would subtract an additional amount to account for the start up costs: carrying costs while rehabbing, initial lease up period, etc.

Exhaust all possible ways in order to exponentially increase the number of buyers who might come across with your ads.In addition, it's better to have the complete description of the property for sale.