@Immanuel Sibero
I should be out exactly zero cost as far as i know at this point in looking at the property the only thing i am unsure of is if there are minimum appliances in each unit (oven, fridge, microwave, W/D) or if I will need to supply them. I know a couple of the units are fully furnished in those just waiting to hear back about the rest of the units condition. So I am thinking at most to be out ~$5,000 if i need to furnish two units worth.
@Everyone
Yes I will be living in one of the units but if it works out the way I expect I should be covering the mortgage and getting a few hundred dollars in positive cash flow after figuring for expenses like (vacancy, repairs, and capEx) if I add in paying myself the ~3K mgmt fees then that will cut my cash flow but since I would be paying myself is that all that bad? Or should I still be wanting positive cash flow beyond that? I feel like if I am looking for a deal that covers the mortgage, pays myself 3K mgmt fees, and still has several hundred in cash flow is too good to be true. Then again I am new to this and there may be deals that make that possible i just want to make sure I am maintaining realistic expectations about returns.
@Mike Dymski I will check the IRR for sure I hadn't done that yet bad on me!
