You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing. 

Additionally, ATCP 134.05 says that if the tenant provides a consumer credit report from an agency that compiles and maintains files on consumers on a nationwide basis and it is less than 30 days old, the landlord may still run a credit check but at its own expense.When I inquired with the company, they replied: "These laws are in place to ensure that you, as a landlord, are not profiting by incentivizing multiple applicants to apply when you have no intent to rent to them.

Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.  

It is easy to provide well-intended 'bad' advice.My questions to you would be... 1.

So about a 35% cash on cash return for my buddy each year on his $100,000.

Properties in Henderson, certain parts of North Las Vegas, and adjacent to Summerlin may provide faster rent growth.However, we recommend not using this data for your property search criteria.

BRRR/house hack/str/mtr/ltr.... leveraged equity building vs. cash flow).3.

I don't want to waste anyone's time providing quote after quote for me for the properties I am merely in the analysis stage with.

Hey John, if your priority is security paying off the mortgage in 5-6 years would give you a solid $4K/month net.Alternatively, you could use the HELOC to acquire a few rentals, likely in out of state cash flow markets with strong price to rent ratio.

Purchase price: $2,500 Cash invested: $5,000 Single family House (2 stories), 3 bedrooms, 1 bath. 1100 sq ft. on Corner LotSingle car garage with 16' x 24' lean too.