the additional tenants also help obviously in the vacancy costs.

Alternative strategies include tax-loss harvesting to offset stock gains, using cost segregation and bonus depreciation for real estate deductions, or deferring real estate capital gains through a 1031 exchange.

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.

The management company has replied that they don't coordinate with neighbors and just want me to cover the cost of all the repairs. 

That mean the upfront costs could be up to the low 6 figures. 

Generally these will have a shorter maturity and higher costs. 

Let's say at 6% over 30Yrs will be about $960 per month(Principle/Interest) with the remaining  interest only portion $40K costing roughly $200 per month. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

Feel free to connect with me on here or through my LinkedIn.

Feel free to reach out if you have any other questions or would like to discuss!

If you plan to hold do a Cost segregation if you want cash now.