Numbers home value20k downloan amount 165k conventional 4.5%                            Rent-$1600PMI-$45                                                                                Cash Flow-$237Insurance-$50                                                                      ($397 self manage)vacancy-5%repairs-5%cap ex-7%management-10%(being my first i would self manage)If this is a good deal.

@Majibur Mollah Ex-pat Canadian (lived/worked in Toronto for a decade) living in Texas.

Pros: -Most major cap ex fixes are covered-A lot less to rehab if bad tenants- great HOA can fend off bad neighborsNegatives:-If problem happens between units can be a headache-tenants tend to not stay as long-bad hoa can cause some issues There is many factors for you to determine- each situation is different

Payments are too high compared to rent. you're over $650 per month before maintenance, property management, capital ex reserves, etc...

Her ex mentioned seeing it was worth $125K online which would be a bit tough considering it needs a new kitchen, and even though I've been inside a couple times I don't even know if it's 1 or 2 baths (Zillow & Realtor say different things) Oh I'd love to have two contiguous properties! 

Here are some preliminary numbers I ran: 260K FHA no repairs and current rents on left, 300K 203K, reno and higher rents on right: % Down Payment 5.00% 5.00% Down Payment $13,000 $15,000 Remainder of closing costs $3,000.00 $3,000.00 Total Due at Signing $16,000 $18,000            Mortgage Rate 4.60% 4.60% Length of Mortgage in years 30 30 Monthly Mortgage payment $1,266.00 $1,461.00 Taxes $386.00 $445.00 Sewer and Water $50.00 $50.00 Trash $50.00 $50.00 Heat/Utilities $ - $ - PMI $ 180.00 $ 208.00 Cap Ex and Ops $200.00 $200.00 Insurance $65.00 $75.00 Mgmt Fee $165.00 $165.00 Vacancy $132.00 $132.00 Total Expenses $2,494.00 $2,786.00     Unit 1 $500.00 $700.00 Unit 2 $900.00 $1,100.00     Total Revenue $1,400.00 $1,800.00     Cashflow/month ($1,094.00) ($986.00) Cashflow/year ($13,128.00) ($11,832.00) Cash on Cash Return -8.42% -6.57% I have not talked with the seller in detail yet, as I want to see if this is worth a deeper dive first. 

I want them to always be flat.. so that when I sell I lose money.. given depreciation recapture and cap ex and sales costs.. nothing is forever.. 70% of folks will sell their rentals at some point and unless you have some nice appreciation you will have done a lot of work for very little money or a loss. 

But also sounds like you are long term by and hold so using up some more of that useful life is probably the thrifty path (and save up reserves/CAP EX along the way!).

My sister owns a rental property in Brandon, FL with her ex-husband.

Let’s assume that you buy 12 quads and each one costs 300,000 that would be $3,600,000 with 20% down you need how much to accomplish thisDrum roll please$720,000 plus some money for emergencies and cap ex.