Even though it might break down to that, you can't go by that.

I spoke to one of the building inspectors and he said that they get a big rash of calls after parent visiting day for people trying to break leases.

I recall reading a post on here that breaks it down in greater detail.

It seems like every rental building I've looked at has it's asking price strategically set at a break-even point.MikeOH- How are you able to get such big discounts on your purchases?

I want to break-even at least..

Hope that helps.But I do have a question, what if the seller wants to break the contract to sell to another investor who is offering a couple of grand above your offer??

Im taking my next step as a bird dog in hopes this company given me a break to Mentor.

No deals there...big surprise...spent all day breaking into vacant properties...maybe some to try for.

If you are doing one or two every once in awhile and you are not utilizing marketing then that may work, but if you are looking to get deals through marketing then $1,000-2,000 a deal is a good break even point to shoot for.

if you can't sell it for a year, when you do and add in your negative cashflow + repairs + 2k flipping penalty = pretty good loss if you get stuck with it for awhile, and about break-even if you don't (not including possible vacancy or major repairs).