This discussion is purely about what the TREC language says, and what it means.

Some are just looking at pure cashflow with the least amount in, others are looking at cash-on-cash ROI, some are only looking at it b/c of the owner financing.

Don't worry: this is not a "guru" thing where you will be sold a home study course.This Meetup is purely to meet and greet other members of BP here in the Chicago area.

Do you think your property management messed up and put unqualified people in - or was it just pure bad luck?

So, before you consider renting either property, take a hard look at it purely from a rental perspective.

They might be purely wholesalers who are just trying to buy then immediately resell the house.

When it's all factored in, your numbers look like this:Cash on Cash pre-tax: 2477 (8.85%)Cash on Cash after-tax: 2248 (8.03%)Total ROI pre-tax: 3826 (13.67%)Total ROI after-tax: 3597 (12.85%)So in terms of pure cash in your pocket, 1 and 2b are a dead tie, with the long term ROI of 2b pushing things in that direction.

@j JohnsonMy motive for our vacation rental is purely for leisure than profit.We always wanted a lake home.

(This will change in the future)The problem is neighborhoods that i want to live in due to school and work proximity have houses that sell well above this figure.Should l continue to live in my apartment which i pay 460 a month for (share with a roommate) and then look at this venture purely as an investment?

First, I have no idea what prices in your area look like, what types of contractors you plan to use, how much of the work you plan to do yourself, what level of finishes you'd use, etc...so my comments below are purely speculation and generalization