First of all, I love the morality component of it.

Steady Growth – Home to Ohio State University (the largest college in the U.S.) and major Fortune 500 companies like Cardinal Health, Nationwide Insurance, and L Brands, Columbus attracts a steady influx of students, professionals, and job seekers every year.Strong Rental Market – With a growing population and a high demand for housing, rental properties are in constant demand, making it a prime market for investors.Affordable Prices – Unlike other hot markets, Columbus still offers below-national-average home prices (around $275,000 median), giving investors a chance to buy in before prices climb even higher.

A majority of people who rent homes here have 100% equity in them so any rent will cash flow. 

Quick overview of our firm is three components.

Trying to save $$ so I can prepare emergency funds in case of any major repairs etc .

Fully occupied rent total $2100 but long term tenants want to stay and rent increases and leases are agreeable to move total rent to $2300I am in middle of finalizing a transferable contract that I will sell for 85kseparate utilities and owner would pay water which averages at $200 month.NY so taxes are a bit high at $6300Property seem to be in sound shape with no majors lurking but I have not done a on site inspection yet.My evaluation sheet which consist of 20% down at 7.5% interest rate shows a 15%+ Cash on Cash starting on day one.GROUP LOAN AMOUNT$68,000.00PRICE$85,000.00INTEREST7.00%OWN PAYS MON$225.00TAXES YR$6,300.00DN PAYMENT PERCENT20.00%DN PAYMENT$17,000.00LOAN PAYMENT$452.41INSURANCE YR$1,600.00TOTAL RENT$2,300.00MAINTENENCE CAP EX11.00%$253.00ENTER DOLLAR AMOUNT ITEMS IN YELLOWVACANCY5.00%$115.00GREEN ITEMS ARE ADJUSTIBLE BASED ON MARKETS AND EVALINSURANCE5.80%$133.33TAXES22.83%$525.00PROPERTY MANAGEMENT12.00%$276.00OFFICE4.00%$92.00OWNER EXPENSE9.78%$225.00LOAN19.67%$452.41TOTAL EXPENSES90.08%$2,071.74MONTHLY CASHFLOW$228.26YR CASHFLOW$2,739.13YR RECOVER6.21CASH ON CASH %16.11%WHO WANTS TO BUY MY FIRST WHOLESALE PROPERTY?

Imagine having the majority of the section 8 tenants, with that steady and reliable income.  

This is because I'm concerned that even though the things in the house I can see look great things like the electrical, plumbing, or the foundation may need major repair if not immediately relatively soon. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Major brands like Ritz Carlton and Waldorf Astoria are currently developing property there, where they have traditionally developed in Miami, Fort Laud, and Palm Beach.