The people here who have bought ratholes have outlined their success, and more power to them. 

Just can outline the matter this forum

If you outline the numbers on your post & what questions needed, we can all try to help.Colleen

Also, there may be state regulations as this would be considered a form of submetering, and you need to ensure that you follow the procedures that are outlined for compliance.

You do not take them to court on the 2nd you begin th eprocess as outlined in your stste regulations.

TOTAL MONTHLY EXPENSES:  $1,504 (monthly P&I, plus all the expenses outlined above)TOTAL MONTHLY CASH FLOW:  $396 ($1,900 rents - $1,504 expenses)Annual Cash Flow:  $4,751 ($396 x 12)COC RETURN:  9.1% ($4,751 annual cash flow / $52,475 total cash in)Net Operating Income:  $13,691 ($1,900 in rents / $759 in expenses other than principal & interest payments... x 12)CAP RATE:  7.6% ($13,691 NOI / $179,900 purchase price)So, you can see this isn't exactly a home-run deal as far as CoC return goes, but the cash flow is almost $200/unit, which isn't bad.

I have put together a great resource I would like to share with you that 1. helps investors understand the way we view property classes and 2. outlines all the different areas we usually invest in with all the school ratings.

@Ryan WilsonCan you outline your numbers for the ROE and cash on cash calculations?

And as you've outlined above, there are several ways to do something like this. 

Send me a DM and let's get on the phone, I can walk you through the process.Also, see my thread about one of our active development deals, which outlines almost the entire process (not done yet, but soon): https://www.biggerpockets.com/forums/44/topics/427...