I've had low returns but in general all have made money.

But that is far from the point of this post.) first they’ll confirm your $1,000/mo “market rent” isn’t a) BS or b) still too low.

@Travis Smock A cost segregation study could benefit your 6-unit property by accelerating depreciation, even on a lower-value property like yours, especially with low land value.

Had an exceptional outcome.All in at $450,000 and the appraised value of the property is $875,000 on the low end.

Which is its a low cap rate deal, you might need to put 40% down in order to meet the banks DSCR loan covenant. 

However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

I guess I was looking at this as a low-cost of entry type of property that could provide some cashflow.

However The barrier to entry in the REI teaching business is very low and a lot of bad players join the game.What you describe led me to come up with Ned's Rule of Gurus.The quality of an REI course is inversely proportional to the price

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.

And I buy the seller carry back notes for those that want to cash out.I agree with jack Bosch I saw him at a rich dad event and his stuff was very dated.Its not a complicated model you buy low sell for more..