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!!!

For me I am free pretty much always now:)

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Feel free to reach out if you have any other questions! 

An important thing to note is to learn how to calculate estimated closing costs.

Costs before that (during remodeling) are added to the basis.2.

I don't know enough about the start up costs associated with the ATM units but I am generally against businesses that have a short shelf life and here we have one we are fairly confident will be deemed obsolete. 

Feel free to reach out if you still have questions.

This is a great look cost preventative maintenance thing It also allows you to "inspect" your property periodically

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