First Property and looking for opinions

[Adam Hughes]

I’ve sat on the couch for the past 10 years and read book after book on real estate, spent 10 years in banking watching everyone from developers to section 8 land lords make deals, and am ready to do something about it.

I currently own a single family but it was only because we didn't want to try and sell 6 years ago. I've been fortunate in that the same family has been in that property for the entire time. Now I'm looking at it as an investment. I've created my spreadsheet to calculate NOI and cash on cash. So far all the deals I've looked at (other than my single family) are around an 8-10 cash on cash with some fairly conservative estimates on expenses. I've included 5% of revenue for maintenance and 5% of revenue for vacancy. In addition I'm only looking at top school districts.

What am I missing?

What other advice might some of you have?

Thanks in advance.

Adam Hughes