Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

I have property in three out of four of those counties including one SFH in Madison, one SFH in Limestone on 20 acres that's being developed to a MHP slowly, and one existing small MHP in Morgan County. 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I just bought a new-build townhouse in Nov 2024 that included a washer, dryer, fridge, microwave, HVAC, etc. for $240k.

When I do it at 20% down, I can only find negative cashflow, so I could be looking in the wrong spot, or I need to put more down, or I am missing something all together.I have read that making a 8% return or higher is what to look for, and I can find break even.

My profits now are 19k/month (not counting vacancies or things breaking).

Now, let me break this down step by step to address your concerns clearly.Let me break this down step by step to address your concerns clearly.Honorable Mention: In the idea, buying income rights is comparable to purchasing dividend-paying stocks.

There is roughly $20,000 left in rehab including windows, floors, a new kitchen and bathroom. 

My goal while I'm working is to always report a break even or loss until I retire.

Through my journey I have gathered priceless information about the markets and maintained countless of connections including contractors, investors, agents and brokers.