Our two story more family homes started at 500k and have ended up at 675k to 725k.. with our original nets at 100k ( was the goal) to now we are 100k to 150k NET NET NET on those.. we have 17 more to deliver and 11 are presold at those high numbers and so if I can keep lumber where i need it we should have a very nice last year of the project.

I also figured that when he parents do pass down the road, we could refinance through a bank and pay off the sister her half of the home, while still keeping the house and the rental income.

That way, you are picking out the best of the bunch and keeping the peace with the others.  

I can’t keep looking for properties that will cashflow because I feel like I’m wasting my time at this point.

Market rate is $1100 on the same street for the same style, size, and age of house.The tenant has been there for 25 years and has also worked as a handyman for the landlord on various properties, so the current owner has asked me to keep him there for at least the next year before raising rents.Property taxes from 2023 are just north of $2000.Based on this Deal Calculator it should cashflow month 1.My questions:1.

Leverage can push your returns higher, though tenant quality and management are key to keeping headaches low.We actually have 12-24 buildings breaking ground right now, designed for cash flow—projected 7-8% cap, 10% cash on cash, turnkey with our team handling stabilization.

Keep asking questions and learning as much as you can.

Hey Arthur, will certianly keep posting.

Congratulations - keep us updated and let us know how it goes! 

I would recommend calling the city building dept, they are easy to get in touch with and a lot more helpful than other municipalities in the area.